Taking out an insurance policy isn’t always enough to protect you and your loved ones. Most people don’t actually read the small print of their insurance policy, and it can often result in a rejected claim. There are many ways in which you can invalidate your insurance, so always make sure you are aware of the terms and conditions. Here are just some of the most common mistakes people make:
A burglar has managed to enter your property without forced entry
Never leave windows open, and always lock them where locks are fitted. And never leave spare keys hidden outside the house.
Not activating your burglar alarm
If you told your insurer you have a burglar alarm, make sure it’s activated – even if you only leave home for a few minutes.
Failure to report a theft within 24 hours
Thefts must be reported to the police within 24 hours in order to obtain a crime number. Failure to do so could result in claim rejection.
Your circumstances change and you don’t tell your insurer
If you have a sudden change in circumstances such as moving house, changing jobs, or developing a health condition, think about which insurance policies it might affect. It’s better to err on the side of caution and let insurers know.
Driving abroad without cover
Many Brits assume their insurance covers them for driving in a foreign country, but this isn’t always the case. Always check before you travel.
Driving for work purposes
If you’ve stated on your motor insurance application that you only use your car for ‘social, domestic or pleasure’ reasons, but then have an accident while driving to and from work, you might find any claim you make rejected.
Not disclosing a previous medical condition
Always ensure you disclose all previous ailments on a life insurance or critical illness policy.
Announcing you’re on holiday on a social networking site
Think before you tell the world you are on holiday. If you have thousands of ‘friends’ it is more than likely you are providing this information to virtual strangers, and insurers can deem this to be ‘reckless’. Wait until you get home before posting your photos.
Driving without an MOT
You would be amazed how many people forget to renew their MOT every year.
Whatever you do, when you take out an insurance policy, be honest. It’s not worth trying to save a few pounds per month if it means you don’t receive a pay-out when you need it.