Homeowners are likely to have a standard home insurance policy to protect property and belongings. 
However, there are several common risks that might not be covered by your standard policy. At Hedon Insurance, we believe in keeping our clients informed about potential gaps in their coverage.Here are some hidden risks that could leave you financially vulnerable: 
 
1. High-Value Items 
Your standard policy typically has limits on valuable items such as: 
Jewellery 
Fine art 
Antiques 
Collectibles 
 
If you own items that exceed these limits, you may need additional coverage through a personal possessions add-on or separate valuable items policy. 
 
2. Extended Unoccupancy 
Most standard policies won't cover your property if it's left unoccupied for an extended period, typically 30 or 60 days. If you're planning a long holiday or your property will be empty for renovation, you may need additional coverage. 
 
3. Home-Based Business Risks 
With more people working from home, it's crucial to understand that standard home insurance doesn't usually cover: 
 
Business equipment 
Liability for client injuries on your property 
Loss of income due to property damage 
 
If you run a business from home, consider a separate business insurance policy. 
 
4. Cyber Threats and Identity Theft 
 
In our digital age, cyber risks are increasingly common. Standard policies often don't cover: 
 
Identity theft recovery costs 
Online fraud losses 
 
Consider adding cyber insurance or identity theft coverage to your policy for comprehensive protection. 
 
5. Flood Damage 
While many assume flood damage is automatically covered, it's often excluded from standard policies in the UK, especially in high-risk areas. Separate flood insurance may be necessary to ensure full protection. 
 
6. Accidental Damage 
Basic policies often don't include accidental damage cover as standard. This means if you accidentally spill wine on your carpet or put a foot through the loft floor, you might not be covered without an additional endorsement. 
 
7. Legal Expenses 
While not a direct risk to your property, legal expenses can be significant if you find yourself in a dispute with neighbours or contractors. Many standard policies don't include legal expenses cover, but it's often available as an add-on. 
 
8. Home Emergency Cover 
Burst pipes, boiler breakdowns, or electrical failures can cause significant disruption and expense. Home emergency cover, often available as an add-on, can provide rapid assistance in these situations. 
 
9. Wear and Tear 
It's a common misconception that home insurance covers everything. However, general wear and tear, as well as damage due to lack of maintenance, are typically excluded. Regular upkeep of your property is crucial. 
 
10. Underinsurance Risks 
Many UK homeowners unknowingly underinsure their properties. This can lead to insufficient funds for full restoration in case of a major claim. Regularly review and update your coverage to ensure it reflects the current rebuild cost of your home and the value of your possessions. 
 
11. Updates throughout the year 
Finally, we don’t want you to get caught out. Some changes to your circumstances must be updated with your insurer as they happen. These include but are not limited to: 
 
Changes to the number of occupants in the property 
Changes to your personal circumstances 
New high-value items 
Property alterations that could affect the rebuild cost 
A home-based business 
Installation of security measures 
Flood risk defences in the local area 
 
The team at Hedon Insurance is committed to helping you identify and address these hidden risks. Every home and situation is unique, which is why we offer personalised insurance solutions tailored to your specific needs. 
 
Don't wait for an unexpected event to discover gaps in your coverage. Contact us today for a comprehensive review of your home insurance policy. Let's ensure your home and belongings are fully protected against both common and hidden risks, in line with current UK insurance regulations and best practices. 
 
Remember, while insurance can seem complex, we're here to make it simple and ensure you have the protection you need. Get in touch with Hedon Insurance today – your peace of mind is our priority - info@hedoninsurance.co.uk
 
 
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