Recent analysis has revealed that many home insurance policies do not include accidental damage cover as standard, something that often comes as a surprise to homeowners.
Recent analysis has revealed that many home insurance policies do not include accidental damage cover as standard, something that often comes as a surprise to homeowners.
Out of 78 home insurance policies analysed across 35 different providers, accidental damage was included in just 28% of buildings insurance policies and 27% of contents insurance policies. Despite this, research shows that 31% of people with home insurance believe that they are covered for anything that isn’t their fault. In reality, most would need to add accidental damage as an optional extra.
Given that accidental damage accounted for 19% of claims made in the last two years, adding this cover could be a valuable decision and will give you the peace of mind that you are protected.
Why It’s Important to Check Your Policy Terms
This data highlights the importance of understanding exactly what your home insurance does and doesn’t cover. Terms, conditions and exclusions vary between providers and assuming you’re covered can lead to costly surprises later down the line if you ever need to make a claim.
Why Speaking to an Adviser Can Make All the Difference
When buying home insurance online, it’s easy to:
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Choose the cheapest quote
- Skip over the small print
- Assume key protections are included
But this can leave significant gaps in cover.
Working with an adviser means that you’ll have someone who takes the time to understand your situation and explain:
- What is included in your policy
- What isn’t included
- What optional extras may be beneficial for you
- Whether the level of cover aligns with your goals and lifestyle
Having expert guidance ensures you’re not just choosing the cheapest option, you’re choosing the right option, with protection that works for you.
Not Sure Whether Your Cover Really Protects What Matters Most to You?
It could be time for a review. Get in touch today and let us take a look at your existing policy to ensure that it still aligns with your goals, keeps you fully protected and helps avoid surprises when you need your cover the most.
As with all insurance policies, conditions and exclusions will apply.
