When should I claim on my home insurance?
As long as the situation and item you want to claim for are covered by your home insurance, then you can make a claim. However, consider how much you’re claiming for.
If you’re intending to claim for a relatively low amount, such as minor damage or the theft of a low-value item, then think carefully – you’ll lose your no claims discount and your insurance premium is likely to increase. You might prefer to replace the item out of your own pocket.
If you’re claiming for a considerable amount of damage or a high-value theft, then you’re probably better off going ahead with the claim.
Unfortunately, there’s no exact rule on whether its right for you to claim or not. Weigh up how much your excess is, take into account any possible premium increases, and ensure you’re comfortable going ahead with the claim before picking up the phone.
Making a claim on your buildings insurance will not usually affect the no claims discount on your contents insurance. The reverse is usually true as well, but always check your policy.