Claiming Lost money on House Insurance

Tommygun2012

Hello everyone,

This is my first time posting on here. I lost my wallet on Saturday night and had £195.00 in there :-(.

I am thinking of claiming it on my home insurance as a personal loss. I am with the Bank of Scotland and my Home Insurance policy states that I am personaly covered for losing up to £500.00 in my home or when I am out.

My question is what do I need will I need to do in order to prove I had that money as it was money I had been saving for over 4 months. I have statements that show me withdrawing certain amounts over these months but I have no concrete evidence to show I was saving it.

Any advice at all would be greatly appreciated.

Kind regards,

Thomas

InsideInsurance

They will want to see bank statements showing the withdrawl(s) and the rest will probably come from just normal counter fraud investigations.

dalesrider

Might require a police report.

I guess best to ask you insurer what they would require. As well as looking at what the excess is on cash 1st....

Then think about how this will effect future policy prices as you will have to list a claim.

InsideInsurance

dalesrider wrote: »

Might require a police report.

Given it is loss rather than theft there will be no police report. You can report it as lost property and get a lost property reference (and the insurer may well want that) but there is no report/ investigation

dunstonh

You also need to consider that you would have a claim on your policy that would need to be declared for 3-5 years. That will lost you any no claims bonus that the providers offer and push the gross premium up that any discount would be applied to. You could easily find you end up paying more than £195 back in increased premiums over the next 3 years.

Faith177

dunstonh wrote: »

You also need to consider that you would have a claim on your policy that would need to be declared for 3-5 years. That will lost you any no claims bonus that the providers offer and push the gross premium up that any discount would be applied to. You could easily find you end up paying more than £195 back in increased premiums over the next 3 years.

Plus there would be an excess I would think