How Much Cover Do You Need
There are three main ways insurers work out how much cover you need for your property:
Blanket cover: Some insurers set a standard claim limit for their policies, regardless of how much your house would cost to rebuild. This is usually a high amount, for example £1 million or unlimited, so you should be covered for any repairs you need.
Bedroom rated insurance: Some insurers base how much cover your property needs by looking at the number of bedrooms you have. For example, if you have a two bedroom house, they may give you up to £250,000 of buildings insurance cover.
Rebuild cost: Some policies set the cover level at the cost of rebuilding your home from scratch. You work this out by asking a chartered surveyor to assess your property, or using the;Association of British Insurers rebuild calculator*.
* This calculator is free to use, but you will need to sign up to use it
Using the rebuild cost means you will only pay for the cover you need, but not all insurers use this method to work out your cover.
What Should I Do If I Find A Leak
If you do find water leaking the first thing to do is turn off the mains supply. Rarely used, many of us don’t know where the mains valve, stopcock or tap is, never mind whether it works.
The location of the stopcock will depend on your property, whether house or apartment. Common places are the downstairs cloakroom, under the stairs or under the kitchen sink quite often it’s near to the outside water meter.
Having turned the stopcock off, open the cold tap in the kitchen to check the water has stopped flowing. If the leak is from a roof tank or a pipe that leads from it, you should find a shut-off valve there as well.
If the stopcock is too stiff, or doesn’t fully turn off, place a bucket or bowl under the leak to minimise further damage, and mop up the water on the floor. You’ll have to keep an eye on the container until help arrives.
It’s now time to phone a plumber, heating engineer, or your home service contractor to find and fix the leak. If you do have trace and access cover, your policy may have an emergency contact number, so use that and an approved tradesman will be sent out to help you.
Never ignore any leaks. Even a weeping pipe joint or the occasional drip could end up causing substantial damage to your property if it’s left unattended for a long time. It could also leave you with a higher water bill, especially if you’re on a meter. Check out our tips on water damage and how to avoid it.
Why Won’t Insurers Pay Up For Roof Leak
During heavy rain last August damage was caused to the inside of my aunt’s house by water coming through the roof.
A builder who later checked the roof said the tiles had been stretched too thinly allowing rain to go under them, damaging the felt over the course of the 27 years the bungalow has been standing.
Legal & General said because the damage was caused by faulty workmanship when the bungalow was built my aunt, who is 81, was not covered.
They have used the same argument to refuse a claim for the internal damage.
As a result my husband and I have had to pay £2,600 for repairs and redecoration. Is this fair? J.T., Poole, Dorset
Simon Moon from This is Money replies: As well as criticising Legal & General for refusing to pay for repairs, you blamed your aunt’s insurance broker for selling policies you allege proved to be ‘next to useless’.
When I contacted L&G, they told a different story. I invited you to comment, but you have not done so.
I was told: ‘We have not declined the claim because the roof was poorly constructed almost 30 years ago but because when we consulted the proposed building contractor he confirmed there had been movement in the roof joists which caused the roof to become uneven and shift.
‘This had happened over some time and as a result the roof has started to fail and let water into the property and so required replacement.
Don’t Miss: Do Parking Tickets Affect Car Insurance
Why Claims Are Denied And What To Do About It
First, if you are being denied a;claim, make sure that you ask for the full reason. You have every right to understand exactly what part of the policy wording excludes what you are asking for and why the claim is being denied.
Know that there are many people who represent the insurance company during a claim, so you will want to know where the decision is coming from. Was it your agent, the insurance adjuster, or a contractor? Each person plays a different role. Don’t be afraid to ask for clarity to avoid misunderstandings. When a claim is denied, you will normally receive word in writing telling you of the official decision.
If you still do not know why something isn’t covered, you can see whether there is a chance for a review of your claim. Don’t be afraid to ask your agent or representative for a second opinion. In a stressful event such as a claim, things may not be expressed clearly on either side. You will want to make sure you understand fully.
Should You Make A Claim For A Roof Leak
Your decision about filing a claim depends on the size of the leak. If the crisis is minor and can be dealt with in another way, it is better that you avoid making the claim. Another factor to consider is the size of your deductible and whether you have opted for a claim previously. If the damages incurred cost $300 for repair and you have a $600 deductible, you can skip making the claim.
Opt for a claim only when you think the damage is significant. If the repair costs are higher than the deductible, it will cost you less in the long run.
Recommended Reading: Does Dental Insurance Cover Veneers
How To Use Your Home Insurance To Cover Roof Repairs
When unexpected damage occurs to your home, youll want to know how to repair it quickly, to a high standard and at an affordable rate. Roofing repairs are no different and it isnt always clear whether your home insurance will cover roofing repairs. This month, lets look at the factors that will contribute to whether you are entitled to have your repairs covered by an insurance claim, and if it will be covered in full or in part.
Do I Pay Extra If I Change My Policy
If you make a change to your policy during the period of insurance and the difference in the premium is less than £10, you will not be charged an additional premium or have a refund.;Plus, unlike most insurers,;Age Co Home Insurance will not charge you an admin fee for changing your policy.
You May Like: Trustage Whole Life Insurance Reviews
Am I Covered For Roof Leaks If I Live In A Flat
Because flats are owned by both leaseholders and freeholders, getting the right cover is essential.;
Leaseholders and freeholders both need to look after the property and a lease will state who needs to be responsible for insuring what.
A freeholder will need to make sure they insure, and maintain:;;
The buildings structure, including the roof and guttering
Leaseholders will need to maintain and insure:
Is A Leaking Roof Covered By Insurance
When your roof starts to leak, you may feel worried and upset with the mess that is left behind. You need to get some of the work done as soon as possible to protect your home and make sure that you are not going to end up with all your personal belongings ruined. But will your home insurance help to cover a roof that is leaking?
Some types of leaks are covered by your home insurance, according to a local CT roofing;company . If a sudden event causes damage to a well-maintained roof and it leaks, this will be covered by your insurance. Leaks that happen from gradual events, including normal wear and tear in the roof, age, or rot, will not be covered. You will need to read the policy for your insurance to help determine whether your leak will be covered or not.
Lets take a closer look at some of the situations where a leaking roof will be covered by insurance and some instances where you will need to foot the bill so you can be prepared when this happens.
Recommended Reading: Will My Dental Insurance Cover Veneers
Talk To Your Insurance Provider
If you do have a non-standard roof, the most important thing you should do is discuss it with your insurance provider before you pay for your insurance: make sure you disclose as much relevant information as possible, as you dont want to be in a situation where your insurer wont pay out because you gave them incomplete information. Your insurance provider will be able to advise of any special requirements and how your policy might be affected.
If you need to discuss your home insurance requirements, call us on ;or get a quote online
Does House Insurance Cover Rising Damp
Rising damp is generally more common in older properties that were built without any waterproof layers in ground-floor walls. As rising damp is classified as a gradually deteriorating problem, it isnt covered by home insurance policies. One of the assumptions that insurers make is that your home is in good condition when the policy was taken out .
Also Check: Does Parking Ticket Increase Insurance
Can I Claim For A Leaking Roof On My Home Insurance
A leaking roof is a common problem that many property owners and tenants face, and one that can cause a lot of damage, financial repercussions and general inconvenience.
If you have experienced this issue recently, or have concerns about it happening in the future, you will probably want to know whether or not the leak and any resulting damage will be covered by your home insurance or contents insurance policy.
Here are some of the key things to bear in mind.
Can I claim for a leaking roof on my home insurance?
The answer to this question largely depends on what caused the leak. For instance, if your property was hit by a sudden storm which resulted in damage to your roof, most home insurance providers will cover the cost of repairs.
This would generally be covered under the buildings element of your home insurance, which protects the physical structure of your property against loss or damage caused by extreme weather, fire, theft, vandalism and other threats.
However, its important to bear in mind that most home insurance policies wont cover you if the leak has occurred due to poor upkeep or general wear and tear.
So if you experience a leak because you havent maintained the roof to a suitable standard and rain is now starting to get in and damage the timbers etc, theres a good chance your home insurer will put that down to negligence on your part and refuse to pay out.
Of course, the other big concern is the damage leaks can cause to items within the home.
How Much Buildings Insurance Cover Do You Need
It’s important to make sure you insure yourself for the amount it would cost to ;completely rebuild your home. This is called the sum insured. The cost of rebuilding your home is not the same as the price you paid for your home, or its current value if you were to sell it. Rebuild costs are usually less than the current market value, so make sure you don’t over or under insure yourself.
To help you work out the cost of rebuilding your home, ;there’s a Building Cost Information Service online calculator on the Association of British Insurers’ website.
Some insurers offer unlimited cover so you don’t have to work out the rebuild costs. However, if already know what they are, it may be cheaper to shop around for a policy that fits your exact needs.
Some policies work out the sum insured based on a general assessment of where you live and the type and age of your home. However, this may not fit your particular property, so you’ll need work out whether you’ve got enough cover.
You should regularly review the amount your buildings insurance cover as rebuild costs tend to rise over time. Some insurers offer policies that will increase the sum insured automatically in line with rebuild costs.
Remember, if you improve your home, such as adding an extension or a loft conversion, the rebuild costs may also increase and you will need to make sure you’re covered.
Also Check: Who Is The Best Home Insurance Company
What To Consider When Claiming For A Roof Repair With Your Insurance Company
A roof repair can be stressful because not only can repairs be costly but the overall issue can affect your day to day living. The latter means that the roof damage repair is not something that you can delay. For this reason, insurance companies can help you out with the costs. However, several things need to be considered before your insurance claim is granted.
What Is The Insurance Claims Process If I Discover A Leak Or Burst Pipe
- Should an incident happen that causes damage to your property or its contents, first turn off the stopcock as soon as is possible to limit the damage.; Then contact your insurer – most insurers’ helplines are open 24 hours a day.; If you have purchased your insurance via a broker you may need to contact them first.
- Your insurer may want to arrange for a loss adjuster to contact you to assess the damage in detail, and in extreme cases arrange alternative accommodation and plan the restoration process. In normal conditions, your loss adjuster will get in contact within 24 hours of you contacting your insurer. However, after a major drop in temperatures, this may take longer due to the volume of claims
- Look through the initial assessment that the loss adjuster will give you. They should be able to provide you with an approximate timetable outlining what needs to be done to restore your home, who will do it and how long it will take.;
Don’t Miss: How To Obtain A License To Sell Insurance
What Does Star Rating Mean
It is important to base your financial decisions on the quality of a product – not just how much it costs. Star Ratings assess products based on the features and benefits they offer, helping you see at a glance where a product sits in the market. Age UK Home Insurance provides one of the highest quality policies in the market as indicated by a Defaqto 5 Star Rating.
What Is Not Covered
Insurance policies exclude wear and tear. They expect homeowners to take care of the roof and maintain it. Maintenance and repair are your own responsibility. If you are neglecting these aspects and it results in roof leaks, the insurance company cannot be held responsible for covering the damages.
Mold caused by water damage will also not be covered by the insurance policy. There are other insurance policies that can be opted for in these situations.
Check with professionals to manage your roof settings and deal with water damage. Replace worn out material to prevent further damage from taking place. If there are trees surrounding your house that can cause damage, have them cut down.
If you want insurance coverage for these damages, you may want to contact your insurance provider. They have multiple insurance policies that cater to different needs.
Don’t Miss: What Insurance Does Aspen Dental Take
What Types Of Water Damage Arent Covered By Insurance
The main type of water damage that isnt covered by insurance is gradual damage. Unlike accidental or sudden damage, gradual damage is caused by normal wear and tear, which isnt covered by insurance. With time, your homes pipes and plumbing system start to deteriorate, which makes them more susceptible to water leaks.
When it comes to gradual damage, there are a handful of scenarios that are common, but arent;covered by insurance. Some examples include:
- Lack of maintenance: If you had a leaky faucet, failed to repair it, and it causes extensive water damage in the future, it would not be covered.
- Broken pipes: If a pipe breaks due to gradual damage, the water damage wouldnt be covered by insurance.;
- Mold and rotting: Mold, rotting or corrosion that occurs in your home due to water leaks is not covered.
- Foundation seepage: If a crack in your homes foundation lets water in, your standard policy does not cover the damage.
- Roof damage: If a tree falls on your roof and lets water in, you would be covered for the roof repairs and the water damage. However, resulting damages, like mold, most likely would not be covered.
Nearly every homeowners insurance policy excludes coverage for wear and tear, and gradual damage, regardless of your coverage limits and what type of policy you have. However, its possible for some policies to cover gradual damage.
How Do I Choose A Home Insurance Policy
If you’re only just getting into the home ownership game, you might need a hand comparing and choosing a home insurance policy. To get started you should:
- Figure out what kind of insurance you need
If you sit in the owner-occupier camp, you might want a different kind of home insurance policy than if you’re a landlord renting out the property. You may also want to bundle contents insurance;into the mix. So start by confirming these details.
- Calculate the level of cover you want
This involves getting an accurate valuation of your home. Underinsurance can be a big problem, so make sure you’re insuring your home so that it can be fully repaired or rebuilt without leaving you out of pocket.
- Compare policies
Mozo’s home insurance comparison table details a bundle of policy options so you can compare their key features side-by-side. You can start collecting quotes once you’ve narrowed your search down to a few top contenders.;
- Start an application
Found the perfect home insurance fit for your circumstances and budget? It’s time to get applying. You can normally do this online, over the phone or in person at an insurance branch.
Still not sure what’s the best home insurance option for you?;Take a look at the winners of our Mozo Experts Choice Awards for Home Insurance;for a little more insight into what makes for a top home insurance policy.
Recommended Reading: Mountain West Farm Bureau Billings Mt