Home Insurance Exclusions: a quick guide
It is important when shopping for your home insurance that you understand the exclusions that could be applicable if you wished to make a claim. Every insurer is different and policies may differ on the type and amount of cover available. It is advisable to always read the policy terms and conditions before you purchase to make sure you have the right cover for you and your home.
Here at comparethemarket.com we appreciate how difficult buying your home insurance policy can be. Listed below are some more common exclusions which could be applicable to your policy:
- Your fences and gates are not typically covered against flooding and storm damage
- Any electronic damages or failures that are caused by software or viruses are not usually covered
- Any loss or damage in connection with terrorism is not normally covered
Not every insurer is the same and there may be more or less exclusions applicable to your policy, it is important to read your terms and conditions to make sure your home insurance policy covers you for everything that you need.
As well as the above exclusions there are also a number of circumstances that could effect a claim not being paid out, below are the more common reasons:
- Not using a burglar alarm if you have specified that you have one or in the event of a burglary there is no forced entry
- Failing to report a burglary to the police
- Leaving windows open or not using the locks
- Being away from the home for over 45 days with no one occupying it
- Using your home as a business without informing the insurance company
Remember!
It is important to always be honest and upfront with your insurance provider, if your circumstances change, you should make your home insurance provider aware. You could find yourself out of pocket and having to fund the repairs or replacements yourself.
Comparing home insurance enables you to compare buildings and contents insurance providers to find the right deal for you that could save you time and money.
See how much you could save and compare home insurance with comparethemarket.com today!