Understanding Insurance Coverage Exclusions
When it comes to insurance, it's crucial to understand what
is not covered by your policy. Certain exclusions can impact your ability to
file a successful claim.
Below is a summary of common insurance coverage exclusions to keep in mind:
- Wear and Tear: Regular wear and tear from everyday use is not covered. This includes the natural aging of materials and structures.
- Rust and Corrosion: Damage due to rust or corrosion, which often occurs over time, is excluded from coverage.
- Gradual Deterioration: Any loss that results from gradual deterioration is not claimable. This includes issues that develop slowly rather than suddenly.
- Defective or Poor Workmanship: If damages arise from subpar construction or repair work, they typically won't be covered by insurance.
- Defective Design: Losses linked to inherent design flaws are generally not covered.
- Improper Use of Products: Claims resulting from the misuse of products or materials will likely be denied.
- Leaking Pipes or Waste Pipes: Damage from leaking or waste pipes that are not caused by sudden incidents is excluded.
- Dampness and Mildew: These issues are often considered maintenance problems and are not covered by insurance policies.
- Maintenance-Related Issues: Claims related to inadequate maintenance or neglect are typically not valid.
- Prolonged Loss Development: Any loss that develops over an extended period is generally excluded from coverage.
For a claim to be valid, it must arise from a single,
sudden, unintentional, and unexpected event that occurs at a specific
identifiable time.
Understanding these exclusions can help you navigate your
insurance coverage more effectively and ensure you're prepared in the event of
a claim.
If you have any questions regarding your coverage or need
assistance with a claim, please reach out to the ANGOR Team for support on insurance@angor.co.za.
Related Articles
Understanding Water-Related Damages and Insurance Coverage
Water-related damages can be a significant concern for property owners. However, not all damages are covered under insurance policies. Below are some common types of water-related damages that are typically excluded from coverage, along with ...Guide to Claim Documents Required for Insurance Claims
When filing an insurance claim, it’s essential to provide the necessary documentation to ensure a smooth process. Below is a comprehensive guide to the different claim documents you may need to submit 1. Claim Form Description: A completed and signed ...How to Lodge an Insurance Claim for a Burst Geyser
If you experience a burst geyser, it’s crucial to follow the correct process for lodging an insurance claim. Here’s a step-by-step guide to help you navigate through this situation effectively. Step 1: Complete the Claim Form Claim Form: Please find ...Understanding Excess Liability in Insurance Claims
Overview of Excess Liability In the context of insurance claims, the term "excess" refers to the amount the claimant is required to pay out of pocket when submitting a claim. It is important for owners to understand their responsibilities regarding ...Understanding Damp Coverage Under Sectional Title Insurance
In general, damp issues are not covered under sectional title insurance policies. While “damp” is commonly understood to mean “slightly wet” and often causes discomfort, it specifically refers to structural damp, which is the gradual penetration of ...