Protecting your possessions - When a claim is rejected

Some escape clauses in contents and building insurance policies are so wide that it is possible for certain companies to refuse to pay out on almost any claim.

At present it is up to the potential policyholder to ensure that he knows exactly what the, policy offers and what the restrictions are. If you are at all uncertain, get your questions answered in writing.

It is currently easier for an insurance company to legally refuse to pay out on a claim than it is for the policyholder to succeed in their claim after such a: refusal.

There are some signs, however, that this will be changed following a Law Commission report in October 2014 to the Lord Chancellor, urging changes in insurance law.

Fit the time of writing, however, insurance companies can `void a claim on the grounds that material information, that is, information which could have affected the terms on which the company issued the policy, or even its willingness to do so at all, was not given by the policyholder at the outset: this sounds fair enough in theory, but in practice it is often left to the prospective customer to decide what or what not to tell at the outset.


When a claim is rejected

Payroll Giving
It’s all very easy to organise.
Just ask the Personnel or the Payroll Department at your company and, if they already have a scheme, they will give you the relevant forms.  HM Revenue & Customs’ website has a list of Payroll Giving agencies and explains payroll giving in more detail.

Salon Gold Insurance

Cheaper Insurance for Salons, Freelance Hair and Beauty, and Mobile Businesses - click here

read on: Protecting your possessions - When a claim is rejected2

Some escape clauses in contents and building insurance policies are so wide that it is possible for certain companies to refuse to pay out on almost any claim.

At present it is up to the potential policyholder to ensure that he knows exactly what the, policy offers and what the restrictions are. If you are at all uncertain, get your questions answered in writing.

It is currently easier for an insurance company to legally refuse to pay out on a claim than it is for the policyholder to succeed in their claim after such a: refusal.

There are some signs, however, that... see: Protecting your possessions - When a claim is rejected2