Reasons why your home insurance claim might be rejected

Avoid getting your claim rejected by simply knowing what your home insurance policy covers.

17:04 11 March 2013

Every now and then, we hear people saying that their home insurance company has ripped them off. These people tell stories as to how their claims were rejected even though they are supposed to be covered. 

There are so many reasons why home insurance claims are denied. And half the time, insurance companies are not the ones to blame. 

 

Based on the survey conducted by AXA insurance, a lot of homeowners have misconceptions about their coverage. For example, 58per cent of those people who were surveyed thought that they can claim for fire damage if the cause was an unswept chimney. While 53per cent think that they can file a claim if the cause of the fire is old or faulty wiring. 

 

Keep in mind that insurance companies are in the business to make money. So, it will not be wise for them to offer coverage for somebody else’s negligence. 

 

There are other different reasons why your home insurance claim might be rejected.

 

To protect yourself from unexpected cost when unforeseen events destroy your house, know common misconceptions and take the time to educate yourself about these matters. Talking to your broker about this before you get and pay for the policy is highly recommended.