When you are taking out buildings and contents insurance it is worthwhile to do some research and find out what the most common claims against this kind of insurance are. It tells you what you are most at risk of in your home and it also tells you which claims are more likely to be paid and which ones you may have a harder time getting reimbursed for. It also helps you choose the best policy for your home – you will choose based on what is more likely to happen and not what an insurer recommends to you. In the UK, here are the most common claims against home insurance:
Water pipe damage
This, as it happens, is the reason why most people will make a claim on their buildings and contents insurance. In the winter, when it gets very cold, water freezes in the pipes causing them to burst and spread water in the home. When you are getting your policy make sure that you are covered for this because the risk of it happening is rather high.
Storm damage
This one claims the number two spot and it is easy to see why – the UK has endured harder and harder storms as years have gone by. Despite the fact that building technology has become so much better it is still very hard to storms from destroying homes. Unless you live in a steel bunker you should make sure that your policy covers damage during storms.
Accidental damage
You know how you sometimes have a party that leaves your carpets ruined? Or knock over an expensive vase that you really don’t want to lose? You can claim this from your contents insurance – in fact it is the third most common claim. Be careful however – not all policies cover accidental damage and the ones that do usually have it as an add-on.
Theft
The UK still leads Europe when it comes to home burglaries so standard policies cover theft. That said, take extra security measures so that you can pay smaller premiums.
Fire
This is also among the top claims that homeowners make but it is up to you to make sure that you take appropriate measures – they will keep you safe and your home from burning down. Install fire alarms and smoke detectors and make sure that you have fire extinguishers in several places in the home.
So give us a call or visit our website http://www.mortgageadviceservices.co.uk/insurance/homeInsurance/ to find out more about buildings and contents insurance policiesLabels: buildings insurance, buildings insurance cover, contents insurance, contents insurance policy, home insurance, Nottingham home insurance
