Small print is boring, isn’t it? Firstly, it’s usually lengthy, provided in miniscule font (hence the term ‘small print’), and usually contains rather dull information. People tend to feel the same way about insurance policy wording; focusing their efforts on getting the cheapest quote, rather than the one that covers them for what they need to be covered for. Which is why we are urging you to dust off those policies and check that you, your home, your car, your holiday, and your possessions are adequately covered should something happen.
What should you check for? The first things to consider are any changes to the norm. For example, it’s easy to overlook the fact that your home has a thatched roof when you are rushing through policy wording, or to add accidental damage cover to your contents insurance (an absolute must if you have children). These are the things that could catch you out further down the line.
Check that you’ve been accurate throughout your policies; have you given correct details of any security measures you have in your home, and where you leave your car parked at night? Have you been honest with regards to how often you stay away from home, and checked that your vehicle has the right level of cover? And, don’t forget travel insurance; should the unthinkable happen, you could face a hefty repatriation bill if your policy doesn’t cover you.
In short, the policy wording in your insurance documents may appear uninteresting but will definitely catch your attention should you find out you are not fully covered in the event of a claim. Your insurance company should be able to help ensure you are fully covered, so call them, ask them questions, make that policy work for you – you never know when it may be your best friend!
