What things could happen to my property that won’t be covered unless I make special arrangements?
One example would be damage arising from the freezing of indoor plumbing. This is seen as preventable. If you are away from home during the normal heating season, you must drain the plumbing or arrange to have your home checked by a competent person or ensure that heat is maintained. If these arrangements are not met and your pipes burst, you may end up with no coverage. How long you are away from your home before someone is required to check it, varies with insurance companies. Give your C J Campbell specialist a call to confirm the wordings on your policy.
What are some items that might require additional insurance?
The limits to replace stolen cash or garden tractors, watercraft and computer software, are relatively small. Coverage limits may apply also to jewellery, watches and furs, coin, stamp and card collections. “Riders” or “Floaters” provide extended coverage for specific items at reasonable costs. Coverage can be worldwide with usually no or low deductibles. Discuss the items that you may want to specifically list, with your C J Campbell specialist.
Should I make a claim with every loss?
This is a very personal decision and before making a Home Insurance claim, consider the cost of the damage, compared to your deductible. If there is little difference, you may choose not to make a claim. In addition, when you make a claim, you will lose your “no claims discount”. Losing your “no claims” discount would result in an increase of your premiums. Consult with your C J Campbell specialist as to whether or not a claim should be made.
I’m going on a sabbatical for a year and renting out my home. Does my Home Insurance cover damages caused by the tenant? Also, will my Home Insurance protect me if they steal my contents that are left in the home? Do I require special insurance?
Whenever you have a lifestyle change such as this, you must contact your C J Campbell specialist and they will advise you of any restrictions so that you can take care of precautionary measures. Some other lifestyle changes that warrant a phone call to your C J Campbell specialist include, but are not limited to: your home becoming vacant, home renovations, running a small business from your home, installing a home security system and purchasing an item such as watercraft or a cottage.
Are there certain risks or potential hazards to my home for which I cannot purchase insurance?
No policy will cover everything that can go wrong. If it did, the premiums would cost too much. Insurance is intended for unforeseeable events. Your C J Campbell specialist will answer any questions you may have about what is not covered on your policy.
