Top Five Things Your Home Insurance Policy Might Be Missing

Missing Home Insurance Features – Introduction

You’ve got home insurance, so you’re covered for everything… right?

Not always.

Standard home insurance covers many risks, but unexpected mishaps can be overlooked until they happen. Missing home insurance features can cost you money when you need it most.

What would you do if:

• Your boiler stopped working in winter?
• Your bicycle was stolen or vandalised during the night?
• Your new TV has been knocked over and broken?

These everyday risks are just a few examples of common risks that can leave you unprepared without add-ons. These enhance your cover, customising your insurance to fit your needs and lifestyle, ensuring full protection.

What Are Add-ons?

Add-ons are optional extras for your home insurance, usually at a small extra cost. They offer extra cover for risks not always included in your standard policy.

These additions customise your insurance to suit your home, lifestyle, and possessions, rather than a generic policy that covers most needs. 

Think of home insurance and add-ons like a pizza. Your policy is your basic pizza, but the extra toppings are the add-ons that really make your pizza customised to you.

Extended Accidental Damage (Buildings)

Most policies include standard cover for sudden building damage. Extended accidental damage supplies broader protection for the structure and fixtures.

Busy homes, families with young children and anyone considering DIY projects would find this add-on particularly useful.

Potential claim instances include:

• Accidentally drilling into a hidden pipe
• Cracking a fitted sink or bathroom fixture
• Damaging built-in kitchen units

Imagine turning your home upside-down like a dollhouse: if it stays in place, it’s usually part of your building.

Extended Accidental Damage (Contents)

Many home insurance policies cover a standard range of contents, protecting against unexpected incidents within your home.

Extended accidental damage cover for contents provides greater protection for items such as furniture and appliances.

This can be valuable for families with young children, expensive tech, and home improvement projects.

Classic examples of incidents are:

• Dropping and breaking your TV
• Spilling red wine or red paint onto a white carpet
• Breaking decorative items such as mirrors

The best way to determine if something is part of your contents is to ask yourself: if you tipped your home upside down like a dollhouse, anything that falls out would be considered your contents.

Home Emergency Cover

Legal Cover

Legal costs can escalate quickly, which adds extra stress to already demanding situations. When we say situations, we mean some of the following:

• Identity Theft – to reimburse you for reasonable cost that are caused by another party stealing or using your identity.
• Employment Disputes – to pay for professional fees for unfair or, wrongful dismissal, redundancy or unlawful discrimination.
• Contract Disputes – including buying or hiring of good, selling goods, buying or selling your insured home.
• Property Protection – legal cover to pursue a civil claim relating to property owned by you, including nuisance or trespass.

At Source, legal cover is included as standard up to £100,000, provided by Lexelle Ltd.

Bicycle Cover

Does exactly what it says on the tin! What it covers:

• Theft
• Accidental damage
• Vandalism

Bike theft is common, and replacement costs can be expensive. For that reason, if you don’t have bicycle coverage elsewhere, then your bike(s) need to be specified on your policy to be included.

See below for our cover limits at Source.

What Source’s Standard Household Policy Covers:

At Source, legal cover is included as standard up to £100,000. Your buildings accidental damage insurance covers up to £1 million, and contents up to £100,000. The minimum excess for both is £100 by Lexelle Ltd.

Home Emergency Cover offers unlimited callouts annually and an hour of labour per claim. Legal cover is included as standard up to £100,000. Lexelle Ltd provides both add-ons.

Our Bicycle Cover breakdown is shown in the table above.

Find more helpful guides on our blog or connect with us on Facebook and Instagram.