Accidental Damage under Home Insurance - 27 Aug 2009 18:33
Contents insurance goes hand in hand with home insurance. There’s no point in only insuring the structure of the home without covering the movable goods inside. Conventional contents insurance policies cover fire, theft, flood and most natural disasters. But what about accidental damage? What if a power surge destroys your television or computer?
Accidental damage is not covered under home or contents insurance. An All Risks policy can be taken out to protect those specialist items from unpredictable accidents – not tantamount to natural disasters – but it may be simpler to take out Accidental Damage Extension.
Your insurer will require you to specify the amount of cover you would like the extension to cater for, which will obviously push up the premium. This increase though is small when compared to the amount you will save when replacing items lost due to accidental damage. The amount you protect your contents for is limited by the insurance company.
Most electrical items should be covered under accidental damage, as well as breakables and family heirlooms. Easier than listing every item on an All Risks policy, you can get general accidental damage insurance to cover most items in your home. When taking out home insurance or contents insurance, make sure to fill in the Accidental Damage cover section of your policy.
Contents insurance goes hand in hand with home insurance. There’s no point in only insuring the structure of the home without covering the movable goods inside. Conventional contents insurance policies cover fire, theft, flood and most natural disasters. But what about accidental damage? What if a power surge destroys your television or computer?
Accidental damage is not covered under home or contents insurance. An All Risks policy can be taken out to protect those specialist items from unpredictable accidents – not tantamount to natural disasters – but it may be simpler to take out Accidental Damage Extension.
Your insurer will require you to specify the amount of cover you would like the extension to cater for, which will obviously push up the premium. This increase though is small when compared to the amount you will save when replacing items lost due to accidental damage. The amount you protect your contents for is limited by the insurance company.
Most electrical items should be covered under accidental damage, as well as breakables and family heirlooms. Easier than listing every item on an All Risks policy, you can get general accidental damage insurance to cover most items in your home. When taking out home insurance or contents insurance, make sure to fill in the Accidental Damage cover section of your policy.