Contents insurance how does it work ?

lisyloo

venomx said:

Great . Would it be a good idea to hold on to receipts when possible too ?

Hold onto receipts for expensive items, I’d suggest electronics, jewellery, bicycle etc.
i don’t keep receipts for clothing.
although you are insured for the bike it’s usually whilst it’s inside a locked building or locked to something permanent (or something like that), so you still need to take precautions e.g. get a cable lock to fix it to railings.
having insurance doesn’t mean you can’t take care and on bicycles it’s usually quite specific as it is for leaving items in cars, so for example a handbag on a seat in plain view wouldn’t be insured.

venomx

davidmcn said:

venomx said:

No I’m not asking that. I’m an honest person. I was just curious as I don’t know much about how insurance claims work

Maybe find something else to worry about until such time as you have an insurance claim to make.

I have mental health problems hence I get paranoid and worried about things but thanks 

 got receipts for everything and never made any claims before and hopefully never have to.

im new to maintaining a flat and paying bills etc hence my questions. Thanks for the useful information 

eddddy

venomx said:

No I’m not asking that. I’m an honest person. I was just curious as I don’t know much about how insurance claims work

In general, the insurance company would investigate any claim before paying out any money.

For example,

• If you were claiming for a burglary, they would almost certainly want details of the crime report.  If they are suspicious, they might decide to send out an assessor to investigate how the burglar got in etc (e.g. smashed a window, kicked a door in.)

• If you were claiming for a fire - if the fire brigade were involved, they will have prepared a report to say whether it is suspicious etc - and again, the insurance company might send out an assessor to investigate. (e.g. to make sure a fire really happened, the extent of damage to your belongings, and that it wasn't started deliberately to make an insurance claim etc)

• If you were claiming for water/flood damage - again the insurance company might send out an assessor to investigate.

venomx

Ok thanks !
might be a silly question but why do you have to pay extra for out of home cover. Is it because there’s more chance of having to claim ?

does £93 extra sound reasonable?

vitaweat

venomx said:

Ok thanks !
might be a silly question but why do you have to pay extra for out of home cover. Is it because there’s more chance of having to claim ?

does £93 extra sound reasonable?

Not a silly question.

Q1.  You pay extra because you're getting more insurance: You're covered in and out of the home.

Q2. Sounds okay to me but it would be good to check a few quotes.

lisyloo

venomx said:

Ok thanks !
might be a silly question but why do you have to pay extra for out of home cover. Is it because there’s more chance of having to claim ?

does £93 extra sound reasonable?

The risks are different and additional.
at home your goods are at risk of fire, flood, burglary or accidental damage (usually optional).
outside the home you are at greater risk of loss or theft or (if covered) accidental damage

greatcrested

Out of interest, what's a "scooter"? Would it not need cover like a motorbike including 3rd party cover, rather than a bicycle on a home policy, ?

Marvel1

venomx said:

Thanks
does it cover out of home loss such as bikes and laptops or does that depend on the insurers?

I'm sure for a bike you need to add as an additional cover with certain companies, the same with a laptop if being used/taken outside the house.

Marvel1

venomx said:

Ok thanks !
might be a silly question but why do you have to pay extra for out of home cover. Is it because there’s more chance of having to claim ?

Yes.

elsien

You also need to consider how items are being secured.
So if your scooter "went missing" from outside your house, the insurer may be looking at where and how it was usually kept in order to minimise the chance of opportunist thefts. 
So if you had a bike which was normally kept locked in a shed (for example) but you'd left it outside unsecured for a few hours and it went awol, they would query as to whether you had taken enough care to prevent that from happening.