![]() | |
Home | Current Issue | Submission | Contact Us | |
Household Insurance Policy - What Is Covered and Where Are the Gaps![]() There is a lot of confusion about what an ordinary householders policy covers - all the things people think that they are covered for and are not and on the other hand, all the things they can claim for, and often do not realize they can. Buy a householders policy which includes the building as well as the contents - otherwise a household fire could cripple your family finances for years. Gone are the days of fine print exclusions, public opinion has persuaded insurance companies to have print no smaller than normally used in a newspaper. This has now made household insurance companies competing for the consumer dollar never more competitive. Because of the wide variation in policies, this article is to be taken as a general guide only, raising points to check against your policy where applicable. Do not take for granted the following points to be covered in your new policy, check first before you sign. It is wise to check your policy's renewal cost with what you paid last year, because the insurance company may have increased the premium "to take account of inflation". Some companies do not make it clear that they have done this. What is Covered? Items people can claim for under their normal householder's policy often do not realize they can! Your householders' policy not only covers your home - but the entire property including the front garden and the backyard. This means that you can claim for the theft of everything from the pot plants to the clothes hoist. Many people living in apartments, where clothing has been stolen from washing lines, do not realize that they are also covered for the clothing stolen (whether it is the depreciated or the replacement value depends on the policy). Your car, companies consider this a different class of risk. Whether you are an apartment dweller or live in a house, you're not covered for the theft of the car itself. Your car insurance has to be a separate policy. Boats are also excluded from the theft protection of a normal householder's policy. For example, you may have a dinghy stolen from the top of your garaged car at home, and not be able to claim - but, you can claim for the swimming costume, towels and beach gear which have also been stolen. Even if the damage to household property is your fault, most policies accept this. For example, a housewife forgets about food cooking in fat which boils over and resulting in fire, damages the stove, walls, ceiling and curtains. Important point, you are moving house and you have shifted an amount of the furniture and your belongings. If a housebreaking occurs at either your existing home, or your intended one, then you are not covered by many policies if a legalistic interpretation has been taken by the insurer. Such policies stipulate that the home is to be sufficiently furnished for full habitation. Because many insurers regard this as a "grey area", it would pay you to notify the insurers to find out exactly how they interpret the situation. Better to find out before, rather that after a theft. Motors.Your washing machine motor burns out. Most policies pay for the replacement motor. This also applies in the case of your household dish washing machines, refrigerator, and air conditioner even the motor of your swimming pool filtration system. Most cover electric motors in various domestic appliances. The electronic parts of your TV, radio or stereo equipment burning out are not covered in most policies. A subtle distinction is the motor of stereo equipment, but not components such as the baffle or tweeters. "All risks"policy usually does not cover any damage by vermin, such as moths in a fur coat, or mildew, or wear and tear. It also does not cover mechanical failure, such as over-winding a watch, or a TV or radio breaking down. Although you are able to insure separately against a TV breakdown. The typical "all risks" policy may not cover damage occurring during, or as a result of riots or war - or any process of repair or renovation. Some policies also exclude the breaking of glass in a watch or a scientific instrument. Whilst a wall barometer will be covered under most policies, an alarm clock isn't for the breaking of its glass face. "All risks" is possibly one of the greatest areas of variation, and it particularly pays to read this section of your policy's terms and conditions before signing. If a spark from your incinerator starts a fire which gets out of control and burns down your neighbor's home, you're covered under the personal liability section of most policies. If your car hand-brake does not hold on a steep driveway and the car rolls back into the wrought-iron front gate, the insurance cover only relates to what the car hits. The damage to your car is covered under your motor vehicle's policy. Damage to your fence, wall or gate, you are covered virtually against anything falling from the sky. Insurers even regard disintegrating satellites as "aircraft". Fireballs, meteorites, and other such phenomena are also usually covered. If someone steals your fence, or a runaway truck flattens it, you're usually covered. You are covered against theft or damage, but it's too bad if a "fire-bug" decides to take out his pyromania on your hedge - it's not covered. "Storm and tempest". People commonly believe their householders' policy covers them for - and it does not. Storm and tempest cover does not include flood, of which is defined as, the violent and temporary escape of a large body of water from the normal confines of any natural or artificial water course such as a river, lake, canal or dam. Insurance companies look upon flood as a separate risk, and require an extra premium to specifically insure against it. The usual exclusions in a householders' policy include loss or damage by the sea, tidal waves, or high water. Many policies also exclude damage by rainwater - unless it enters the building through an opening in a wall or roof, caused directly by the storm. Many policies pay if the rain water damage was caused by your down-pipe or guttering becoming blocked by leaves blown down during a storm. This is because the policy usually includes the overflowing of water tanks, apparatuses or pipes - guttering and down-pipes are normally treated as "water apparatus". Storm and tempest includes damage done by wind and wind-driven rain. Damage caused by a landslide due to torrential rain is not covered by many policies. Your gates, fences or retaining walls if blown down or washed away? Excluded! Not the contents of a home freezer, should the unit itself break down, or should there be a power failure such as a blackout caused by a lightning strike on the local sub-station, or a car knocking down a power pole. However, many companies provide this cover for a few dollars a year more dollars a year. | 5 Good Books To Read
A Canvas Print From
A New Perspective For Your Journal
Art Work In Communities
Arts Impact On Society
Backyard Landscaping Ideas Pictures
Benefits Of A Good Training
Buying British Dresses For Weddings
Childrens Literature
Convert Your Inner Critic To Coach
Critical Analysis Of Urdu Novels Of Umera
English Literature Essays And Business Essays
Enrich Your Knowledge With Penguin Books
Experience Where To Buy Kindle
Facebook Tagging Pictures To Let You Have
Features Of Gothic Romance Novels
Finding Free Urdu Novels
Get Over Yourself With
Graphic Novels The Fantastic Addition To Comic
Holiday Journal Therapy
How To Encourage Masses To Read
How To Sell Abstract Art For A Living
How To Understand Contemporary Art
Illustrated Books Bringing Life To The Page
Indian Art Now An Investor’s First
Indian Literature R K Narayan
Indicating Plagiarism In The Urdu
Is Digital Art Real Art
Journal Writing Your Wrong Ways
Keep A Gratitude Journal And Get Happy
Literature as the Way to Get Familiarized
Locate Factors Of Stock Pictures
Martial Art Let Your Kid Be Strong
Musical Journal Therapy
Must read Classics For Kids
Nikon Coolpix For You Cool
Online Urdu Novels By Farhat
Printing Pictures On To Canvas
Reviw Journal Endorses Angle
Selecting Pictures For An Online Memorial
Simple Steps To Good
Social And Marketing Aspects Of Art Online
Strange Places Valuable Used
Taboo Literature
The Finer Points Of A Literature
The Inspector Morse Novels
The Many Advantages In Using
The Rise Of Funny
Thrilling Romance Novels Review
Understanding The Paradigm Of Context In Works
Urdu Stories And Novels By Umera
Urdu Innovative Literature Builds Progressive Nation
Uses For Senior Pictures
Using Literature With English Language
Ways Of Fighting The Plagiarism
What Is Lacking In The Contemporary
What Makes Contemporary Art Interesting
When Did Photography Become
Why You Should Be Reading
14 Spiritual Laws to Know A to Z of Indian Politics Business Policies Comparison of the Traditional English Corporate Governance Investing in the Emerging Daily Politics Blog How to Find Decalogue Covenant Does God Want People E Governance Effective Policy Writing Five Tips For the Best Friendship and Politics Can General Information Regarding Lemon Government Bids Top 10 Tips Government Contract Proposal Writing Tips Household Insurance Policy What Is Covered How Does a Bee Become the Queen IT Policies Help IT Staff International Law Issues Which Are Plaguing the Indian Lets Say Goodbye To Vanity Life Insurance Policies Term Life Insurance Troubleshooting Local Self Government In New Jersey Long Term Care Insurance Moving to Queens New York O P Bhatnagar A Poet Political Discourse and Participatory Democracy Politics The Ugliest Fascination on Earth Problems In Managing Government Purim Why Did the Womanizer Queen Bee Rearing Queen Hatshepsut Egypts Queen Who Would Queen Honeybees Queens of Amsterdam The Government GIP The Laws of Life The Lemon Law in Florida Stating The Meaning Of Queen The Role of Government The Significance of the Queen Bee Types Of Life Insurance Policies US Government Sales Marketing Universal Law Using SAMPLES to Help you Write What Is The Best What is Political Science Where Now For European Political Why Fear Laws When You Can Make Why Workplace Politics Charts Write Separate Policy And Procedure Manuals 1 Carat Diamond Earrings 10 Things You Need 8 Things To Consider While A Unique Moment A Unique Affordable Fashion Jewelry All Ladies Love Fashion Jewelry Are Clip On Earrings Adjustable Are Clip on Earrings Cheaper Aristocrat Crystal Jewelry Being Cautious When Dealing With Wholesale Bracelets One Of The Oldest Forms Brilliant Ideas When Buying Buying Man Made Diamonds Can I Convert Normal Earrings To Clip Cartier Bracelets Timeless Classic Charm Bracelets Make Great Gifts Checklist For Making Handmade Jewelry Classic Pearl Jewelry Clip On Earrings Or Magnetic Credcam Head Mounted Mini Video Diamond Simulant Jewelry A Comparison Differences Between Male And Female Drop Earrings Come In Many Giordano Watches Guide On How To Choose Handcrafted Jewellery Earrings In Unique How Do Men Wear Silver How To Find The Best How To Fix Tight Clip How To Reduce The Tightness In Search Of High In The Market For Discount Jewelry Infant Bracelets San Pedro California Low Self Esteem 3 Brilliant Personalized Leather Bracelets Making Wonderful Gift Piaget Luxury Watches Sell Watches Ny Get Help Six-movado-watches Smtp Server A Brilliant Innovation For Web Users Smtp Service ¥ A Brilliant Innovation Tennis Bracelets Are An Excellent Addition The Brilliant Features Of Clarion The Exqusite Beauty Of Gemstone The Finest In Watches The Great Investment Of Purchasing The Latest Trends In Charm Bracelets The Question That Transforms Brilliant Ideas Understanding Fine Jewelry What Are The Advantages Of Magnetic World Of Watches The Best Watches |
All rights reserved
Copyright © 2013 Curt's Pitch For ALS
Contacts: info@wef-palestine.org |