Home care insurance policy exclusions

Augusta

VIP Contributor
When you decide to buy home insurance policy you need to be aware of things that this type of insurance wouldn't cover. So you need to check it out so as not to make claims for them In the future.

So this type of insurance exclude the following occurrences

Infestations; Don't expect a coverage if your home is ruined by household pests since it would have been your position to get rid of them via maintaining your home

Damage or injuries caused by dogs. Insurance company pays alot for this kind of damage so they have decided to exclude it from their policy to avoid heavy claims at occurrence.

Deliberate neglect or loss;
This is one area that you can't make any claims from the insurance company. If you deliberately destroy your home or neglect it to make claims you wouldn't be compensated and might even be charge for insurance fraud.

Add yours?
 

Sotherefore

VIP Contributor
Every insurance business organisation has their own rules and regulation based on what they are dealing.. those that you have just mentioned our something that the real owner of the building could have been in the position to take care of ,Deliberate negligence of building should not be on the responsibility of the insurance company to take care of.
 

btaliat

VIP Contributor
You are right. Insurance company doesn't pay for some damages that's done deliberately or as a result of being careless. Another one is that being living in a house under home insurance policy as a tenant doesn't mean the properties of the said tenant will be covered by the insurance policy.
 

Augusta

VIP Contributor
Every insurance business organisation has their own rules and regulation based on what they are dealing.. those that you have just mentioned our something that the real owner of the building could have been in the position to take care of ,Deliberate negligence of building should not be on the responsibility of the insurance company to take care of.
Definitely, insurance company refuses in almost all the insurance policy to pay for any mistakes that is cause by the insured. So any negligence on the part of the insured no matter the huge loss the insurance company will refuse to help. I think this is to instill into people the need to be very careful
 

Augusta

VIP Contributor
You are right. Insurance company doesn't pay for some damages that's done deliberately or as a result of being careless. Another one is that being living in a house under home insurance policy as a tenant doesn't mean the properties of the said tenant will be covered by the insurance policy.
You got them right the insurance company comes with a lot of rules when it comes to making claims from them you must really have met with their claims rules to be able to get compensations. So it behoves on anyone taking out insurance policy to know about the exclusions before indulging
 

btaliat

VIP Contributor
You got them right the insurance company comes with a lot of rules when it comes to making claims from them you must really have met with their claims rules to be able to get compensations. So it behoves on anyone taking out insurance policy to know about the exclusions before indulging
To be frank, it is mandatory on a newbie to make sure he seeks the advice of a good broker before going into any agreement with any insurance company. There are many underlying rules and regulations that a newbie may not understand when it comes to insurance policy on any package that he may want to buy.
 

Augusta

VIP Contributor
To be frank, it is mandatory on a newbie to make sure he seeks the advice of a good broker before going into any agreement with any insurance company. There are many underlying rules and regulations that a newbie may not understand when it comes to insurance policy on any package that he may want to buy.
That's it that is why I think it is a good idea to contact a broker or an agent to not only make a choice for the policy to take but also get to explain the rules herein to one. If you go in alone you might be cheated or you don't get fully what you deserve.
 

Sotherefore

VIP Contributor
Definitely, insurance company refuses in almost all the insurance policy to pay for any mistakes that is cause by the insured. So any negligence on the part of the insured no matter the huge loss the insurance company will refuse to help. I think this is to instill into people the need to be very careful
If you are aware there was a popular news some few months ago about a teenage girl setting up a supermarket ablaze, so in this case if the supermarket who was insured do you really think that they are not going to pay for the damage that was caused by the girls ? There was CCTV but the CCTV was not able to recognise this and take action on time, do you really think this is also a carelessness ?
 

Wisdom01

Valued Contributor
I think most times when you deliberately affect your home properties ,the person might not only be denied compensation , but might be arrested too , because the insurance company would obviously don't want such type of behavior ,it might be even be stated in their terms and agreement when insuring
 

Mandy96

Valued Contributor
Although this analysis is helpful in some ways but I believe that every individual interested in purchasing a home insurance should know about all these mentioned even without having to make any thorough research or even consulting an expert, agent or broker for enlightenment. For example, you can’t buy such a plan and expect it to cover for injuries caused by dogs in that house.
 

Augusta

VIP Contributor
If you are aware there was a popular news some few months ago about a teenage girl setting up a supermarket ablaze, so in this case if the supermarket who was insured do you really think that they are not going to pay for the damage that was caused by the girls ? There was CCTV but the CCTV was not able to recognise this and take action on time, do you really think this is also a carelessness ?
This is not negligence by the owner , this was caused by a different person as stated in your post. This isn't the owners fault that the cctv wasn't working but I think it would hsve been if they didn't turn it on maybe they forgot but someone else burning the supermarket the insurance company will have to pay for this
 

sincerem

VIP Contributor
Insurance companies can't stand a chance to cover up for premium benefits which didn't meet their expectations, they pay for what's right and deemed perfect for benefits. That's why we shouldn't take our own hands to cause the issue on ourselves in order to activate the benefits faster, they have bodies and technologies that is mounted to checkmate for any cheating to their premiums.
 
D

Deleted member 28127

Guest
Insurance companies can't stand a chance to cover up for premium benefits which didn't meet their expectations, they pay for what's right and deemed perfect for benefits. That's why we shouldn't take our own hands to cause the issue on ourselves in order to activate the benefits faster, they have bodies and technologies that is mounted to checkmate for any cheating to their premiums.
Most of people doesn't read user agreement of an insurance company not because they don't have time to read because even you read terms there are technical word that are understandable by a specialist that a usual person don't understand unfortenally.
 

sincerem

VIP Contributor
Most of people doesn't read user agreement of an insurance company not because they don't have time to read because even you read terms there are technical word that are understandable by a specialist that a usual person don't understand unfortenally.
I got what you said dearie. When it comes to investment like insurance company we shouldn't forget to make researches ask questions where we've failed to understand. Life isn't all about seeing an investment and investing into it, even if it's legit. It has clause, which is the terms and conditions. We should read it and understand all that is being said around it. If we don't understand, we can simply ask questions to get corrected, in order to know the kind of investment we are going into. If it worth the funds or better stay put from investing into such investment scheme.
 
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