When arranging your home building & contents insurance policy it is extremely important to ensure that the cover you have selected adequately covers your needs and protects your home and your possessions.
A friend recently had a nasty surprise when she submitted a home insurance claim to her insurer after her house had been broken into. The thieves stole many personal belongings such as jewellery and laptops and other technology items.
They also stole several scissors and hairdressing equipment that she uses at her work and the total amount was in the region of £2,000.
Unfortunately, she has found out the hard way as the insurer involved repudiated the claim in respect of the aforementioned business equipment and therefore she has in effect been self insured for the £2,000 worth of goods.
Unfortunately, she thought she was covered for such items whilst in her home, but the home contents policy was quite clear and there was no cover when she read the policy.
The insurance company had settled the other part of the claim but they referred to the policy wording that clearly stated the position.
Many household policies do not cover business items and stock in the home, so it is not that uncommon.
Unfortunately, my friend has found out the hard way but she will be very careful in the future that any home insurance policy covers her needs.
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