Page 8 - CPB March 21st
P. 8
Is residential care
the only option?
Shaw Insurance developed the Care Property Bond to help elderly people who really need to be cared for in a care home. Shaw Insurance has teamed up with care advisors called My Care My Home to assess whether it is strictly necessary for an individual to enter a care home. Residential care homes may be a more expensive option than other alternatives. Frequently a wide range of extra support can be provided in a customer’s own home. A property can be adapted and alarms provided.
Alternatively an “extra-care” apartment in a specialist retirement block or village may be purchased or rented out, where there are wardens and carers.
My Care My Home has a database of over 50,000 companies and organisations that provide different levels and types of care. Shaw
Insurance will require that each of its customers is assessed by My Care My Home to ensure that the customer’s care needs are met. This step replaces the need to obtain medical reports.
