Household contents insurance

craigg12345

Is it possible to make a household insurance claim on items damaged by flood but which do not belong to the policy holder or anyone living in the property (items being stored for a third party)? Many thanks

kingstreet

I guess the relevant question here would be "how does the insurer know the item(s) belongs to someone else?"

Is there something unusual here? Is this a business transaction or simply items stored for a friend?

phill99

Technically it's fraud as you are claiming for items that the policy doesn't cover. If the loss adjuster or assessor gets wind if it the claim will be disallowed, your policy will be cancelled and you will struggle getting more insurance.

InsideInsurance

You need to read the policy wording. Some will provide cover for items you are the temporary guardian of and others won't. It would only be fraud if your policy denies you cover and you claim it is your property to bypass this clause

rs65

phill99 wrote: »

Technically it's fraud as you are claiming for items that the policy doesn't cover. If the loss adjuster or assessor gets wind if it the claim will be disallowed, your policy will be cancelled and you will struggle getting more insurance.

Thats a brave statement.

My policy covers household items and personal belongings
1. I own
2. I am legally responsible for
3. Belonging to my domestic staff
and
4. personal belonging of visitors

I think the OP needs to establish the definition of contents in their policy.

Its only fraud if they lie. If they claim for items stating they belonging to others than the insurer can refuse to pay as they are not covered. Doesn't make it fraud, unless it is presented fraudulently.