The Contents of Your Policy

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Chris Kouton has 7 Published Articles

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The Contents of Your Policy

Posted On : Jun-11-2009 | seen (1086) times | Article Word Count : 416 |

Home insurance doesn’t actually exist as a policy. Whilst this might seem like an outrageous statement to make, home insurance is actually a conglomerate of two other types of insurance

Home insurance doesn’t actually exist as a policy. Whilst this might seem like an outrageous statement to make, home insurance is actually a conglomerate of two other types of insurance, buildings insurance and contents insurance. Whilst these are often sold together, they protect different things and if you make a claim you will most likely claim from one policy or the other. So what is covered by which policy, and what is not covered at all?

In recent years the British weather has become one of the insurance industry’s major concern. Severe flooding in 2007 and harsh unseasonal weather has led to insurers being forced to pay out many more policies than they thought. The ABI has negotiated a deal with the government that sees insurance assured for houses in certain high risk areas, but these policies are still more expensive.

Therefore, all buildings insurance policies still cover for damage caused to the structure of your property by the weather. They will also cover for things like kitchens and bathrooms. Any claim for damage to fitted elements or to the structure of your building falls under the buildings insurance banner.

However, if you suffer damage that is so extensive some of your possessions are broken or needing repair or replacement you will have to claim on your contents insurance, or both. This happens most commonly when a pipe cracks and water spreads through your property. Thankfully, buildings insurance covers for any damage caused by freezing water in your pipes.

Your policy will also cover for damage to other people and their property, so if a tree falls from your garden into your neighbours then your insurance policy should cover it. They probably will also have a clause that pays for alternative accommodation whilst things are being repaired.

The hard and fast rule is that anything that you would take with you were you to move house falls under the contents insurance banner and therefore claims on damage to these items will be paid from that policy

However, most people take garden furnishings with them when they move and it’s unlikely that your insurance company will pay for damage to such furnishings, or by any damage caused to objects outside by things like frost. You can negotiate separate policies for such items. Also remember that if you suffer damage due to wear and tear, you’ll have to pay for it not the insurance company so keep your property well maintained.

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<h1>The Contents of Your Policy </h1> Author: <a href='http://www.articleseen.com/profile_Chris Kouton.aspx'>Chris Kouton</a> Home insurance doesn’t actually exist as a policy. Whilst this might seem like an outrageous statement to make, home insurance is actually a conglomerate of two other types of insurance, buildings insurance and contents insurance. Whilst these are often sold together, they protect different things and if you make a claim you will most likely claim from one policy or the other. So what is covered by which policy, and what is not covered at all?

In recent years the British weather has become one of the insurance industry’s major concern. Severe flooding in 2007 and harsh unseasonal weather has led to insurers being forced to pay out many more policies than they thought. The ABI has negotiated a deal with the government that sees insurance assured for houses in certain high risk areas, but these policies are still more expensive.

Therefore, all buildings insurance policies still cover for damage caused to the structure of your property by the weather. They will also cover for things like kitchens and bathrooms. Any claim for damage to fitted elements or to the structure of your building falls under the buildings insurance banner.

However, if you suffer damage that is so extensive some of your possessions are broken or needing repair or replacement you will have to claim on your contents insurance, or both. This happens most commonly when a pipe cracks and water spreads through your property. Thankfully, buildings insurance covers for any damage caused by freezing water in your pipes.

Your policy will also cover for damage to other people and their property, so if a tree falls from your garden into your neighbours then your insurance policy should cover it. They probably will also have a clause that pays for alternative accommodation whilst things are being repaired.

The hard and fast rule is that anything that you would take with you were you to move house falls under the contents insurance banner and therefore claims on damage to these items will be paid from that policy

However, most people take garden furnishings with them when they move and it’s unlikely that your insurance company will pay for damage to such furnishings, or by any damage caused to objects outside by things like frost. You can negotiate separate policies for such items. Also remember that if you suffer damage due to wear and tear, you’ll have to pay for it not the insurance company so keep your property well maintained. About the Author: Discover how we’ve made our <a rel="nofollow" href="http://www.co-operativeinsurance.co.uk/home">home insurance</a> simple at The Co-Operative Insurance. Article Source: <a href='http://www.articleseen.com/Article_The-Contents-of-Your-Policy_1080.aspx'> http://www.articleseen.com/Article_The Contents of Your Policy _1080.aspx</a>

Article Source : http://www.articleseen.com/Article_The Contents of Your Policy _1080.aspx

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Discover how we’ve made our home insurance simple at The Co-Operative Insurance.

Keywords : home insurance,

Category : Finance : Insurance

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