Home Emergency Cover

Lea74

Hi,

I need some advise regarding home emergency cover. I am currently with Homeserve and they have offered me another year at £19.05 per month. It seems to cover everything upto £4000 per claim. I cant seem to work out if it covers boiler repairs etc.

I know £19.05 doesnt seem much, but I am trying to 'weed' out any additional insurances I dont need and rather put it towards credit card debt.

I dont have a stash of cash for a rainy day so not sure if I should continue with it.

My home is only 6 years old so everything is fairly new and this year had a blocked toilet and tried to make a claim but there was a £50 excess so managed to fit it myself.

The company used a couple of scare tactics e.g burst pipes in the garden and complete electrical failure etc. I have read the policy and it seems there are more exclusions than inclusions.

Any advise or alternative suggestions greatly appreciated.

Thanks,

p.s. I do have comprehensive home insurance with contents so would any of this cover such situations. Sorry still a little naive about all these things as I was never in charge of the household finances.

System

Some Home Insurance policies do include an optional extra to cover for home emergencies. The problem is that if you make a claim on this optional cover, it goes on your home insurance record as a "claim" and your premiums increase as a result and you have to declare the claim to future home insurers. There has been a story on MSE where a home insurance policy was cancelled because the home owner claimed too many times on the emergency cover option. So, an individual policy could be better to avoid the above.

Lea74

Thanks. I would probably do a seperate policy. I guess the bottom line is - should I have home emergency cover e.g. like the new AA ad, or is it not worth it.

I am trying to work out whether it is best to pay for an insurance in case of or pay off debt and start to save for a rainy day.

(I know how long is a piece of string )

ihateyes

Lea74 wrote: »

Thanks. I would probably do a seperate policy. I guess the bottom line is - should I have home emergency cover e.g. like the new AA ad, or is it not worth it.

I am trying to work out whether it is best to pay for an insurance in case of or pay off debt and start to save for a rainy day.

(I know how long is a piece of string )

The AA state clearly in their t&c;s tht the emergency cover guarantees a temporary repair.... a permanent may be done, only if at simial cost, and can be done on 1st attendance.:eek: