Has anyone ever been successful in a home insurance claim?
I've been with the same company for 9 years now and have only ever called them 4 times, each time I have been told that my policy does not cover it.
Honestly, what is the point of home contents insurance unless you buy the most expensive policy (which I can't afford) it doesn't seem to have any benefit for the £400 I pay per year!!!!
I've never had to claim myself, but my parents claimed quite a hefty amount for subsidance, which not only included the structural work but complete re-decoration of their lounge afterwards.
That was a good 10 years ago, though, so perhaps policies have changed since then and insurers are making it more difficult to claim.
Edit: Obviously my parents' claim wasn't 'contents', so perhaps I've not really answered the OP.
Why have home contents insurance at all? I 'self insure'.
By now you would have had 9 x £400 = £3,600 sitting in a bank somewhere to cover any problems. Sorry I know this is no help to you now!
I do wonder why people automatically think they must have contents insurance. I've been told I'm crazy for not having it! On average you are always going to get less money out than you put in; you have to cover the insurance companies expenses not to mention any fraudulent claims people are making.
I've had ceramic hob replaced after I dropped a knife on it and it cracked and shower repaired after the water froze one really cold winter. I think the contents bit of mine is only around £200 pa and then same again for the actual buildings cover.
I would self insure if I thought I was only ever going to have small one off claims but the thought of having to start from scratch if place burnt to the ground would be easier at the thought of getting a huge cheque rather than what I'd managed to save up.
Kryten wrote (see)
Why have home contents insurance at all? I 'self insure'.By now you would have had 9 x £400 = £3,600 sitting in a bank somewhere to cover any problems. Sorry I know this is no help to you now! I do wonder why people automatically think they must have contents insurance. I've been told I'm crazy for not having it! On average you are always going to get less money out than you put in; you have to cover the insurance companies expenses not to mention any fraudulent claims people are making.
Kryten yes I partly agree and often think if I had just saved that money I would be able to replace those things.
On second look the £400 covers buildings and contents.
The question is do I cancel the contents and just save the money - seems wiser as in 9 years I've called only 4 times and none of my claims were accepted.
I guess its a choice between accepting a certain amount of risk (not having insurance) and knowing that you are paying out more than you will get back on average (having insurance).
To be honest I probably don't have a lot of valuable things and the most expensive are probably two big sofas that are definitely not very steal-able. (If anyone wants to steal my 15 year old TV then feel free. I will help you carry it to your car.)
Edit: £400 is not nearly so bad if its for contents and buildings insurance, you obviously need the buildings.
Wheeeho a fire, getting rid of all the baggage... Hmmm need to put the matches down, and stop giving me ideas you naughty people above.
I have contents and life insurance for £160 a year, mainly got it because I own a bike in London.
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