Insurers have rejected £801.8 million value of residence insurance coverage claims for damages attributable to pets, as many Brits don’t realise it’s usually excluded from residence cowl, analysis from Go.Evaluate residence insurance coverage exhibits.
Nearly half (45%) of pet homeowners mentioned they didn’t know residence insurance coverage usually doesn’t cowl damages attributable to pets.
This implies 1000’s of policyholders can have seen their declare rejected, which might additionally lead to a pointless improve to future premiums.
Nathan Blackler, residence insurance coverage skilled at Go.Evaluate, mentioned: “It’s clear from our survey that many pet homeowners don’t realise their residence insurance coverage in all probability gained’t cowl them if their pet causes harm to their property, which is resulting in 1000’s of rejected claims.
“Having a declare rejected may lead to larger premiums, so it’s essential to test that you simply’re undoubtedly coated earlier than making a declare.
“You will discover safety for these damages from some suppliers if it’s one thing you’re feeling you’ll want, however you may need to buy round.
“Before you purchase a coverage, you need to all the time test what’s coated and what’s excluded. If pet damages aren’t included, see if the supplier presents unintended harm cowl as an add-on, and test whether or not this may shield you in opposition to cat or canine harm.”
