There is a relatively new form of home insurance available, which many people have not heard of. It is called home emergency cover and it covers you in the event of several home emergencies. If you are not sure whether or not you could benefit from taking it out think about what your options would be if you for example experienced a burst pipe on a Sunday morning.
If you had taken out home emergency cover all you would need to do is to call an emergency number and sit back and wait. Your insurance company would find you a trustworthy tradesman in your area and send them to your house. They will carry out the repair and bill your insurance company for the repair, but not everything will be covered.
The limitations of home emergency cover
There are limits to what home emergency cover can do for you. The cover offered varies from policy to policy, so you need to check the small print before you actually buy.
Not all home emergencies are covered. A common exception is a washing machine leak. Most firms do not offer coverage for this incident at all or they charge extra for the service and may ask for an excess too.
Usually, here is also a limit to how much is covered. Typically, the maximum you can claim for any one incident is £500. This sounds generous, but going back to the example of a burst pipe on a Sunday you will normally find that £500 is not enough coverage. The call out charge for a tradesperson on a Sunday can be high. Add in high labour costs and there is not much money left over to cover the cost of parts.
Shopping around for coverage
As with any other form of insurance, you can save a lot of money by shopping around for your cover. There are more and more firms joining this market each year, which is good for consumers because it means that you get more choice. It also means that it is worth shopping around each year for your coverage. With new firms entering the market all the time, you could miss out on a good introductory deal by simply sticking with your previous provider.
It is not easy to find comparison websites for this type of insurance, but consumer groups have covered the subject well. To compare prices you will still need to get a quote from each provider and compare them the old-fashioned way, side by side.
Always read the small print
With this type of coverage, it is especially important to read the small print. This is a relatively new form of insurance, so it can be hard to find reliable information about this kind of policy. One site that does cover most forms of insurance products in detail is thatsinsurance. They explain the terms and conditions in detail and with many insurance products compare the products line by line to make sure that you buy the right policy for you.