When you opt for a particular home insurance policy, you need to make sure that it covers everything in your home. Before you sign a contract, you have to make sure that it is going to work for you.
There is no point paying a monthly subscription to find that it doesn’t cover everything that you need. By reading the small print and speaking to your insurer, you can figure out what the policy covers. Here are the things you need it to include.
6 Things That Your Home Insurance Should Cover
1. Accidental damage
The most common type of claim has to be accident damage claims. When you break something by accident, you might need to ask your insurer to cover the cost of it. Much of the time, policies will cover these instances as standard.
You need to know that if you break something, you can get a replacement as soon as possible. Only then, can you be sure that you can keep your things safe.
2. Theft of possessions
It is awful when someone breaks into your home. In most cases, your home insurance policy should cover theft. You will probably need to get a statement from the police, along with a crime number.
Your insurance provider will need to see these things as proof of what happened to your items. You should compile a list of your valuables so that your insurers know what they will have to cover. That way, they can tailor your policy to suit your household.
3. Water damage
If you have a flood in your home, it could damage your possessions and the house structure. You need specific insurance to cover this issue. If your policy covers the damages, they will pay the price of the repairs for you. It should not take too long to restore your house and get rid of any of the problems from the water. The experts can help you every step of the way.
4. Acts of God
The term ‘acts of God‘ can cover all manner of things. Be careful, because a lot of insurance providers will state that they don’t cover these instances.
For example, you might find that your company does not cover storms or natural disasters. You should make sure that you talk to your insurer about this issue when you opt for the policy. That way, you know what it does and does not cover.
5. Loss of items
If you lose your things, you need to make sure that your insurer covers that issue. The problem here is proving that you no longer have the items. That is quite tricky. You might have to get in touch with the local authorities so that you can tell them you have lost the things. Then, you should give a statement to your insurance provider telling them about the loss. This issue is a gray area, and so you need to know all you can about it before you claim.
6. Breakages
When electronic items are old, they tend to break without you doing anything. This type of breakage does not count as an accidental damage claim. You should check with your warranty and see whether you can get a replacement.
If you can’t get a replacement, you will need to talk to your home insurer and see what they can do. Sometimes, insurance agencies will give you an ‘old for new’ policy. That means that when you make a claim you get the value of a new item, rather than its current value.
You always need to be wary before you sign an agreement. Check whether your current policy includes these clauses. If your policy is lacking these things, you might need to upgrade your home insurance policy.