Monday, 17 August 2015
Insurance Refusal Nightmare
You are required to disclose all material facts in an insurance application. If you do not tell your insurer something that is relevant to your case then you could be liable to being refused house insurance should you need to make a claim.
What to do if you are refused home insurance
When you need to make a claim on your home insurance, it is likely to already be a difficult time, but being refused home insurance can quickly make things much worse. It is vital that you do everything you can to make sure your insurance policy is as inclusive as possible, so you need to be upfront and forthcoming when making your application. Because you are required to disclose all material facts in an insurance application, if you do not tell your insurer something that is relevant to your case then you could be liable to being refused house insurance should you need to make a claim.
With fraudulent claims at an all time high, insurers are investing more and more in scrutinising claims. Instead of just catching out those who deliberately misrepresent their situations to capitalise on fraudulent claims, this practice is also affecting those who make genuine mistakes on their applications or simply didn't realise that they needed to disclose something. When you are refused buildings insurance because of a failure to disclose a material fact, not only can it leave you unable to make your claim, but it can harm your chances of getting insurance in the future.
Communication and full disclosure
When you are refused home insurance this becomes a material fact in itself, so you will have to declare it in future home insurance applications. This can force you into a difficult situation, as many mainstream insurers will be unwilling or unable to offer you cover if you have been refused house insurance previously (even if the refusal was for something outside of your control). When you are refused buildings insurance and you feel you have been treated unfairly, you have a number of options. The first step is to complain directly to your insurer.
You are required to give the insurer the chance to respond to your complaint before taking further action. But if your insurer fails to address your complaint or you are still dissatisfied when they do, you can escalate the matter by taking your case to the Financial Ombudsman Service. The FOS exists to see that disputes between insured and insurer can be settled impartially, and provides you with an option to take before you consider potentially costly legal proceedings. If you are refused home insurance, you should seek help from the Ombudsman before taking a matter to court.
Though many mainstream insurers will refuse to even give you a quote if you have been refused house insurance in the past, this is not the case with HomeProtect. With HomeProtect you can get a competitive online quote for refused buildings insurance cover, no matter what type of problems you have had with insurance in the past. Whether you have been refused home insurance previously, have a high claims history or any other type of adverse insurance past, you can get the cover you need with HomeProtect.