Contents insurance:-accidental damage......worth it or not??
Discussion
Ok,
Just had the renewal for our contents house insurance (Norwich Union), and out of a premium of around £450, approx £145 of this is for accidental damage....
Now, I can't ever remember in over twenty years, making a claim for this, I suppose I may knock our large plasma TV over, but it's hardly likely, plus a small claim would affect our NCB, so is it really worth having this extension on the policy?
Have you ever been glad you've had it??
£3pw..........It'a a dilema.....
Just had the renewal for our contents house insurance (Norwich Union), and out of a premium of around £450, approx £145 of this is for accidental damage....
Now, I can't ever remember in over twenty years, making a claim for this, I suppose I may knock our large plasma TV over, but it's hardly likely, plus a small claim would affect our NCB, so is it really worth having this extension on the policy?
Have you ever been glad you've had it??
£3pw..........It'a a dilema.....
Wacky Racer said:
Ok,
Just had the renewal for our contents house insurance (Norwich Union), and out of a premium of around £450, approx £145 of this is for accidental damage....
Now, I can't ever remember in over twenty years, making a claim for this, I suppose I may knock our large plasma TV over, but it's hardly likely, plus a small claim would affect our NCB, so is it really worth having this extension on the policy?
Have you ever been glad you've had it??
£3pw..........It'a a dilema.....
Mrs S once dropped a pudding basin on the ceramic hob of our free standing electric cooker.Just had the renewal for our contents house insurance (Norwich Union), and out of a premium of around £450, approx £145 of this is for accidental damage....
Now, I can't ever remember in over twenty years, making a claim for this, I suppose I may knock our large plasma TV over, but it's hardly likely, plus a small claim would affect our NCB, so is it really worth having this extension on the policy?
Have you ever been glad you've had it??
£3pw..........It'a a dilema.....
The 99p basin survived intact, but the cooker cost £350 to be repaired
I was glad I had accidental damage cover.
You need to be sure you're understanding the difference between Accidental Damage cover and All Risks cover.
Accidental Damage gives you cover for items at home that covers things like small children feeding the DVD player with food and water, knocking over your plasma and dropping paint on the carpet etc. etc.
All Risks covers items that you take away from home, so it covers your watch, jewellery, buggies, luggage, laptops your wife's handbag and it's contents etc. etc.
IMO AD cover isn't worth stumping up for unless you have very expensive belongings, small children or are very clumsy but as you say it would then affect your claims history.
AR cover is IMO invaluable, add up the contents of your wife's handbag, the cost of your luggage when you visit family and friends (so don't have travel insurance cover), the cost of a buggy etc. If you're going for AR cover you probably need to specify things like bicycles separately and check the single article limit to ensure that watches, engagement rings etc. aren't over that limit and make sure you have enough cover for everything that you might carry with you at any one time.
Accidental Damage gives you cover for items at home that covers things like small children feeding the DVD player with food and water, knocking over your plasma and dropping paint on the carpet etc. etc.
All Risks covers items that you take away from home, so it covers your watch, jewellery, buggies, luggage, laptops your wife's handbag and it's contents etc. etc.
IMO AD cover isn't worth stumping up for unless you have very expensive belongings, small children or are very clumsy but as you say it would then affect your claims history.
AR cover is IMO invaluable, add up the contents of your wife's handbag, the cost of your luggage when you visit family and friends (so don't have travel insurance cover), the cost of a buggy etc. If you're going for AR cover you probably need to specify things like bicycles separately and check the single article limit to ensure that watches, engagement rings etc. aren't over that limit and make sure you have enough cover for everything that you might carry with you at any one time.
Edited by Piglet on Sunday 1st February 12:52
Gassing Station | The Pie & Piston Archive | Top of Page | What's New | My Stuff