Summer School Holidays See Home Insurance Claims Rise

Posted by admin

September 24, 2008

Insurance claims usually go up when the little ones are on their summer holidays. Families are making claims for more than £500 as a result of accidental damage related to children getting into mischief, says the Guardian.co.uk

Typical claims include drinks being spilt on furniture and carpets, damage to electrical equipment and other personal belongings, as well as 20% more broken windows from tennis and football games. Many homeowners claimed on their home insurance only to find they are not covered for ‘accidental damage cover’.

Since accidental damage cover is not mandatory with home insurance policies, you’ll want to double-check policy if you are unsure whether you are covered or not. Some policies may have a standard version of accidental cover but the cheaper policies most likely do not and you will have to add this on as an extension to your current cover.

The British Insurance Brokers Association (BIBA) says adding accidental damage cover to building insurance will cost around £20 - £30 extra per year or up to £50 per annum if added to home contents insurance.

If you’re an accident prone family, it may be worth the extra expense. If anything, for a bit of peace in mind when the accidents do eventually happen.

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