insurance when working from home

edited 30 November -1 at 1:00AM in Insurance & Life Assurance
5 replies 568 views
edwaraedwara Forumite
127 Posts
edited 30 November -1 at 1:00AM in Insurance & Life Assurance
Can any one help. I sell greetings cards from home. it involves no visitors to the house and I have 2 boxes of stock. Have read my contents insurance and it says I do not have to tell them if I don;t have visitors, employ anyone at the property and the work is clerical. I only process the orders. The insurnace ins with Halifax.

Do I need to tell them? Does anyone have any experience of this? Also who would insure this?

thanks in advance
:T Quidco - £210.12:j

Replies

  • regularsaver1regularsaver1 Forumite
    4.9K Posts
    ✭✭✭✭
    Its more to do with visitors
  • FlameCloudFlameCloud Forumite
    1.9K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭
    You should also tell them though-

    You may be an increased risk though because people may know that you carry/store goods on the premises. Also, do not expect them to cover any business stock in the event of an incident.
  • Yeah business stock or cash will probably not be covered. An insurer tends to ask if there is any business use at home. If they asked and weren't advised it could potentially invalidate certain claims. I would let them know that there is minimal business use in the home. It means that the details are accurate and should keep you safe. I't probably won't put the price up or anything so I wouldn't worry about that.
  • swagmanswagman Forumite
    220 Posts
    Part of the Furniture Combo Breaker
    ✭✭
    You should tell them as insurance companies like any excuse to refuse claims if they can.

    If you have problems try Coventry HomeCover (run on behalf of Coventry Building Society - you do not have to be a member). We have people coming to the house for private lessons and they covered us without any extra premium, so they may well be happy with your situation.

    The number is 0845 3665500.
  • FlameCloudFlameCloud Forumite
    1.9K Posts
    Part of the Furniture 1,000 Posts Name Dropper
    ✭✭✭
    They cannot decline a claim for breaking the underwriting conditions (which this is), only for a claim either breaking the exclusions or not being covered.

    What they can do however, is either void the policy (it never existed in the first place, you pay back any monies gained under the policy) or cancel it, which will be from the date that the business started being done at home.

    Note however they can only void the policy if they can prove that they would not have covered you in the first place, so a cancellation is more likely.
    Yeah business stock or cash will probably not be covered

    Theres no two ways about it- business stock WILL NOT be covered unless it specifically states it will do on a contents policy, and every contents wording I've seen states the items are something of a personnel nature. Most even specifically exclude them by name.
This discussion has been closed.
Latest News and Guides

Best student bank accounts 2021/22

Incl. free 0% overdrafts and railcards

MSE Guide

Next 50% off sale rumour

Here's what we've found...

MSE Deals