Navigating home insurance can be confusing, especially when it comes to understanding what your policy covers. Many homeowners have questions about the ins and outs of their insurance, from what’s included to what’s excluded. In this blog, we’ll answer some of the most common questions to help you feel confident about your coverage.
Yes, absolutely! When you’re renting you don’t need to worry about insuring the buildings, as that’s the landlord’s problem, but we can cover you for your Contents Insurance (otherwise known as Tenants Contents or Renters Insurance). Our policy offers £100k of contents cover as standard.
Usually, no – this is often an element of cover that you need to add on to a policy. If this is something that you want covering, make sure you check your policy to see that it’s included and ensure that you have sufficient cover for what you need.
This depends on what type or how valuable they are. Most insurers will cover valuables that remain in the home automatically up to a set total and per item limit. Any item that is worth more than this threshold will have to be listed individually on the policy to be covered. Remember that if you take any out of the house with you, like jewellery, these would need to be covered under a different section for items away from the home, which is usually a paid extra.
This is usually included as standard on home insurance, up to a small amount in the home (not for business cash). But you’ll usually need add-on cover for it to be protected if you’re carrying any away from the home.
Not always. Some insurers offer limited cover as standard (restricted to certain items or incidents) and offer an add-on to extend this to other causes of accidental damage, so read your documents carefully.
You won’t usually be covered for any damage to your home or contents caused by your pets, but they are usually included as part of the alternative accommodation section of cover.
No, these would be classed as maintenance issues that should be resolved outside of your home insurance policy.
Probably not without invalidating your home insurance. Always check with your provider first, as many don’t allow it and at best it will usually limit your cover while the guests are staying.
Flood Re is a joint scheme between the UK government and insurers to make home insurance policies more affordable for those with a history of or at high risk of flooding. Every home insurer in the UK must pay into the scheme and, when a policy sold under it has a claim for flood, this fund will reimburse them for the claim. This means that insurers don’t have to account for the potentially high claim costs in their pricing to customers so it’s cheaper.
Check your policy wording first, as many insurers will class your home as unoccupied if you’re away for more than 30 days. At coverbaloo, we extend this to be 60 days, so enjoy your long break away!
Hopefully you learned something new from these questions – check out for the rest of our blogs for more information and useful tips about insurance.
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