How many of us actually read our insurance policy documents when they drop through the letterbox? Insurance Blogger has just renewed my home insurance and the particular policy booklet is thicker than the local freeads, that arrived at the same time. So this got me thinking about all those people who purchase home insurance cover online and are probably under-insured in some minor or major way!
Although many people who own their own houses in the UK are likely to have some type of basic insurance policy on their property, the extent of that cover, sometimes turns out to be entirely inadequate for the misfortunate few who thought they had bought a good deal.
Stop for a moment and think: You have worked hard to purchase and maintain your house. Why risk losing it or its contents because you have tried to save on your home insurance and have not considered what really needs to be covered?
Specialist House Insurance – The Problem with Standard Home Insurance
If you have a standard home insurance policy, you might think your home’s contents are completely covered under your contents insurance section. Although this could be right to a certain degree, the thing is that some types of home insurance policies that put limitations and restrictions on the cover they supply as described in the policy booklet and online keyfacts documents.
These types of restrictions dramatically add to the possibility of your exposure to a considerable loss which could force you to spend thousands of pounds out of your own pocket to cover the difference. Here is what happened to a person who had a simple level of cover bought through a standard home insurance comparison site, instead of through a specialist provider. This policyholder couldn’t recover the complete cost of a broken Hasselblad camera due to the fact that it went way beyond the policies specified item limits.
Specialist House Insurance – Hobby Camera’s Worth Exceeds the Policy Limit
This example of a loss started when a policyholder dropped and caused harm to his new Hasselblad camera. The man was taking photographs of his relatives away from his home at the time. It was an expensive camera with a value of approximately
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