Daily Mail

Jewellery cover warning

- a.rouse@dailymail.co.uk

ONE in five home insurance claims are rejected because homeowners have bought the wrong cover.

Most people assume their insurance will protect their belongings in any situation. But successful claims on home contents cover have fallen 6 pc in a year.

Customers’ most treasured possession­s such as jewellery and artwork are often worth too much to claim if they are stolen.

It’s because most insurers have a cap on what they will pay out for individual items unless you list them separately and pay extra for cover. And only 14 pc of policies offer full accidental damage cover. Without that, everyday disasters — a football through the kitchen window or paint spilt on the carpet, for example — could land you with a hefty bill. Claims for this type of accident are more common in the summer months.

Others are surprised to find they are refused cover for general wear and tear. Insurance policies typically exclude this.

The Associatio­n of British Insurers has launched an online guide to help homeowners get the right cover. Visit abi.org.uk/homeinsura­nceguide.

 ??  ??

Newspapers in English

Newspapers from United Kingdom