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Is Accidental Damage Cover Worth It? What You Should Know

Kitchen severely damaged by accidental fire, showing scorched walls, burnt electrical outlets, and destroyed appliances as a result of accidental damage.

Life's little mishaps can lead to big repair bills for your home. That’s where accidental damage cover steps in, offering an optional extra for your buildings insurance or home insurance. But is it worth it? Understanding the perks and pitfalls of accidental damage cover will help you decide if it's a wise choice for you.


What is Accidental Damage Cover?

Accidental damage cover is like a safety net for those unexpected “Oops!” moments that cause damage to your home or personal possessions. This cover is an optional extra you can add to your buildings or contents insurance policy. While standard home insurance covers the big stuff like fires or floods, accidental damage cover covers you for everyday accidents. Think of things like spilling wine on your favourite carpet, accidentally breaking a window, cracking a pipe when digging up the garden, or damaging a home entertainment system by knocking it over while dusting. Accidental damage cover ensures you’re not left footing the bill for repairs.


While accidental damage cover can be invaluable, it doesn’t cover everything. Exclusions typically include wear and tear, deliberate damage, and neglect. Knowing what your accidental damage buildings insurance covers can help you decide if it’s a smart addition to your home insurance, or an added expense you don’t necessarily need.


Do I Need Accidental Damage Cover?

Young girl in a pink polka-dot jacket looking concerned at muddy footprints on a beige carpet, highlighting the accidental damage caused in a modern living room.

Deciding whether to add accidental damage cover to your buildings insurance comes down to your personal circumstances and how much risk you’re comfortable taking. For many, accidental damage buildings insurance is worth it because it offers protection against incidents that standard policies might not cover. But is it right for you?


Benefits of Accidental Damage Cover: This cover acts as a financial cushion against those unforeseen accidents, such as if your child decides to use the carpet as a canvas, or your hubby sticks a spade through a pipe while digging a new garden bed. These situations can be pricey and shake up your finances, so accidental damage cover could be your peace-of-mind investment.


Considerations: Weigh the pros and cons carefully. Adding accidental damage cover will increase your insurance premium. If your household is more careful than clumsy, or you don’t have too many expensive or antique items in the home, the extra cost might not pay off. Comparing your current buildings insurance with policies that include accidental damage cover can help you decide if the added cost is justified.


Take Jennifer Cottle from Surrey, for example. Recently, Jennifer’s sons were playing football in the back garden when the ball ended up through a sliding glass door. The door cost £150 to replace, but her excess was £250. This time, she decided not to claim, as it wouldn’t have been worthwhile. At the time, she’d considered cancelling her accidental damage cover, but decided to keep it for the time being. We’ll come back to Jennifer soon, and you’ll see how this worked out for her.


Advice From the Experts: Experts suggest assessing the value of your personal possessions and the potential risks to the structure of your home. If your property contains valuable electronics, antiques, or unique features, or if you have young children, accidental damage cover offers a safety net against unforeseen incidents, boosting your financial security. Just make sure the sum insured covers everything important. 


Cost-Benefit Analysis of Accidental Damage Cover

To really get to grips with whether accidental damage cover is for you, it's worth doing a cost-benefit analysis. Essentially, accidental damage buildings insurance is worth it if the potential costs of accidents outweigh the additional premium.


Cost Considerations: Accidental damage cover will bump up your premium. You might see your home insurance rise by 10% to 15%, depending on your provider and the level of cover. Although it's an extra cost, it could save you from significant out-of-pocket expenses down the line.


Benefits of Cover: Think about the scenarios that accidental damage cover protects against. Picture your home entertainment system getting damaged during a lively gathering, or your ceramic hob cracking while whipping up dinner. Replacing these items could run into the hundreds or thousands of pounds. Without accidental damage cover, these costs would be yours to bear.


Coming back to Jennifer’s story: She chose to keep her accidental damage cover even though she hadn’t needed it in a while. And boy, was she glad she did! Last Christmas, her cousin Robert left a frying pan on the stove a bit too long, and the family was alerted of a fire by the kitchen smoke alarm. Rushing in, they discovered the kitchen curtains had caught fire, and flames were dancing over the cooktop. Once they got the fire under control, Jennifer was left with significant damage to her countertops, cooker, and walls. The repair bill came to over £1,500, but thanks to her accidental damage cover, she only had to pay a £250 excess. The insurance took care of the rest, proving its worth in a single, unexpected mishap.


Note: When it comes to fires, there are the kind that happen accidentally, like a cooking fire or a candle being knocked over, and then there are fires caused by faulty equipment. Equipment fires due to faulty wiring are generally covered under your standard home insurance policy. Always be sure to check what you’re covered for under your policy. 


Accidental damage cover is particularly beneficial for families with young children or pets, where little accidents are more likely. Weighing these potential costs against the increased premium will help you decide if accidental damage cover is valuable for your home insurance.


Key Considerations When Choosing Accidental Damage Cover

Man in a white shirt making a phone call while taking notes, discussing his insurance options with potential insurers, ensuring he has the right cover for his property.

Picking the right accidental damage cover means looking at a few key factors. Start by evaluating the structure of your home. Older properties or those with unique features might need extra protection due to their susceptibility to accidental harm. If your home is packed with valuable electronics, expensive carpets, or antiques, accidental damage cover gives you that extra safety net.


Evaluate Coverage Needs: Check if the policy includes accidental damage to both the building and its contents. Not all home insurance policies offer the same level of cover, so dive into the details.


Impact of Wear and Tear: Understand the difference between wear and tear and accidental damage. Insurance covers accidental damage but typically excludes wear and tear, the gradual deterioration over time. Knowing this helps set realistic expectations for claims.


As we’ve mentioned, accidental damage cover is usually an optional extra, so decide if it aligns with your needs by weighing potential scenarios against the coverage cost – and don’t forget the excess, as this can outweigh the premium increase by quite a lot!


Understanding the Insurance Process

Adding accidental damage cover to an existing policy is pretty straightforward. Contact your insurance provider to discuss your needs and explore available options. Most insurers allow you to add this cover anytime, not just during policy renewal, providing flexibility to adjust coverage as your circumstances change.


Filing an Accidental Damage Claim: In an accident, document the damage promptly. Take clear photographs and gather necessary documentation, such as repair receipts. Contact your insurer quickly to report the incident and start the claims process. This proactive approach helps prevent delays and makes claim processing quicker.


Obviously, deliberate damage isn’t covered, so ensure the incident is genuinely accidental to avoid complications with your claim. Providing detailed information will speed up the process, allowing you to address repairs or replacements quickly, before having to pay out of pocket.


Is Accidental Damage Cover Right for You?

Accidental damage cover is important for homeowners seeking peace of mind and financial protection, and can be an absolute lifesaver when the unexpected happens. By understanding what is covered and having a think about your family’s needs, you can decide if accidental damage buildings insurance is worth it for you.


Whether you include accidental damage cover or not, regularly reassess your insurance needs to adapt to changes in your home and lifestyle. That means getting an accurate and up-to-date rebuild cost assessment. With the right level of cover, you can protect your property and enjoy peace of mind.


Important disclaimer: The information provided here is for general informational purposes only and is not intended as professional advice. While we strive to ensure all information is accurate and up-to-date, the content may not reflect the most current legal or regulatory developments, standards, or practices. No representations or warranties are made (express or implied) about the accuracy of the information provided, and reliance on this information is strictly at your own risk.


We do not offer financial advice and nothing within this content should be construed as such. We recommend consulting with a qualified professional who can provide tailored advice based on your individual circumstances before making any decisions related to insurance.


Please note that we are not regulated by the Financial Conduct Authority (FCA) and as such, are not qualified to provide specific financial or insurance advice. Please see our footer for further information about us, including our website terms of use, privacy policy and more.

1 Comment


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