Residential property owners insurance – falling aerials
Given that the UK is waking up today to some terrible weather, we will be expecting a few claims today, storm related.
Not only do storms cause problems with falling trees and branches, there are now an increasing amount of claims for aerials and, more importantly, satellite dishes. Most landlords insurance policies are base, loosely, on a standard home policy. They have extra covers, such as loss of rental income but also have some cover restrictions.
Whilst it is not something anyone does very often, it is always worth checking your policy wording to see exactly what you are covered for. Many flats and apartments are covered under a block of flats insurance policy. Whilst they are essentially residential properties, you do need to check that you have adequate cover. The best way to do this has always been to use a business insurance broker. The broker earns a fee, or commission for policies that are sold. So, it is in their interests to make sure that you get the widest cover possible.
The part of your wording you need to check is whether you have “falling objects” cover. The chances are that you will, but this may be just aerials. It is a really small point, but you need to ensure that satellite dishes are included as well.
The longer time goes on, the more likely it is that an old satellite dish will be less secure. If it falls off (and, say, hits a parked car) it could be a big claim. Unless it was recently installed, it is unlikely that you could make a claim against the installing firm.
Taking five minutes to check is always worth it, if you do not have it (the cover) speak to your broker.
Similar Posts:
- Falling icicles – property owners liability insurance
- Know your car insurance
- Office insurance – portable computers and smartphones
- Business insurance – once you have the policy in force, what to do if you have a claim.
- Making complaints about your business insurance broker
