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  • FIRST POST
    • monsoon67
    • By monsoon67 17th Oct 19, 12:23 PM
    • 7Posts
    • 3Thanks
    monsoon67
    Insurance not paying out
    • #1
    • 17th Oct 19, 12:23 PM
    Insurance not paying out 17th Oct 19 at 12:23 PM
    My husband had £2.4K worth of De Walt tools stolen from a locked shed in the garden 3 weeks ago.

    He put in a claim on the home insurance which covers outbuildings - but the insurance are saying they won't pay out because all the invoices for the tools are in my husband's business name.

    What can we do?

    (Since then we've had CCTV & Nest installed as well as the most secure locks possible on the shed) Thanks.
Page 1
    • maisie cat
    • By maisie cat 17th Oct 19, 12:28 PM
    • 775 Posts
    • 966 Thanks
    maisie cat
    • #2
    • 17th Oct 19, 12:28 PM
    • #2
    • 17th Oct 19, 12:28 PM
    Domestic insurance usually excludes business assets, what does the policy say.
    When I had business tools they were excluded and I needed specific business insurance to cover them.
    Were they actually business tools or domestic tools that he'd put through his business books?
    I cannot see a way of getting out of either uncovered business tools or potential tax fraud for putting non business items through the books. Double check your policy but I would be surprised if they were covered by your home insurance.
    • garth549
    • By garth549 17th Oct 19, 1:54 PM
    • 388 Posts
    • 185 Thanks
    garth549
    • #3
    • 17th Oct 19, 1:54 PM
    • #3
    • 17th Oct 19, 1:54 PM
    Sorry to hear that but your normal household insurance will usually only cover personal items.

    Anything that belonged to a business you needed to have a separate insurance policy for.
    • SonOf
    • By SonOf 17th Oct 19, 2:26 PM
    • 1,763 Posts
    • 2,023 Thanks
    SonOf
    • #4
    • 17th Oct 19, 2:26 PM
    • #4
    • 17th Oct 19, 2:26 PM
    He put in a claim on the home insurance which covers outbuildings - but the insurance are saying they won't pay out because all the invoices for the tools are in my husband's business name.
    Household insurance normally only covers household items. Not commercial items. Not unless you have an insurer like NFU or a homeworker policy.
    • Clive Woody
    • By Clive Woody 17th Oct 19, 11:45 PM
    • 4,890 Posts
    • 5,469 Thanks
    Clive Woody
    • #5
    • 17th Oct 19, 11:45 PM
    • #5
    • 17th Oct 19, 11:45 PM
    My husband had £2.4K worth of De Walt tools stolen from a locked shed in the garden 3 weeks ago.

    He put in a claim on the home insurance which covers outbuildings - but the insurance are saying they won't pay out because all the invoices for the tools are in my husband's business name.

    What can we do?

    (Since then we've had CCTV & Nest installed as well as the most secure locks possible on the shed) Thanks.
    Originally posted by monsoon67
    I would have thought the simplest solution would be to claim on his business insurance, this is what it is for.
    "We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein
    • OnanTheBarbarian
    • By OnanTheBarbarian 18th Oct 19, 10:59 PM
    • 1,431 Posts
    • 877 Thanks
    OnanTheBarbarian
    • #6
    • 18th Oct 19, 10:59 PM
    • #6
    • 18th Oct 19, 10:59 PM
    Is his business a ltd company or is he a sole trader? Not sure if that would make a difference or not.
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