Tuesday, January 27, 2009
Category:
Secured Loans
It would seem that Claims Advisers at Lloyds TSB Insurance received some rather peculiar claims during the course of last year.
An annual summary of their most unusual claims revealed five particularly extraordinary circumstances.
Firstly, there was the customer that shot his television. Not content with merely shouting at the television it would appear that some have gone to greater lengths. Lloyds TSB Insurance stated that they were blown away when they received the call from a gentleman who revealed that he had “shot the TV”. Apparently the customer in question was refurbishing an old gun for his friend and did not realise that it was loaded. Secondly, there was the customer who found himself minus a pair of spectacles thanks to a magpie flying into his room and removing them from the property. Thirdly, there was the customer that called in to report a broken bed and bed post, which resulted in one rather embarrassed Claims Adviser. Fourthly, there was the pool of so-called ‘standing water’ in one customer’s back garden. Upon inspection by a Claims Handler, it was established that this wasn’t the result of a leaking drain or pipe but, in actual fact, a favourite spot for the customer’s pet poodle to spend a penny.
As well as the claims described above, last year Lloyds TSB Insurance also saw several incidents involving mobile phones, MP3 Players and laptops ending up in toilets, bath tubs and dishwashers. In a particularly memorable case, one item even had a wash on the full spin cycle.
Phil Loney, Lloyds TSB Insurance Managing Director, commented: "I never cease to be intrigued by the variety of claims we receive day in, day out. Our 2008 quirky claims round-up highlights that it's truly impossible to predict what's around the corner and whilst it's important to take sensible security, maintenance and safety steps, having a good insurance policy is vital to ensure long term peace of mind. "We take pride in making our insurance policies clear and simple to understand so that when the unpredictable does happen you know what you're covered for."
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Homeowners that find themselves facing the unexpected, and as a result requiring additional funds, could bear in mind the option of a secured loan. Repayable over a term to suit the borrower from 5 to 25 years, a
secured loan could be a solution to the unforeseen. The necessity to extend your home to house a surprise addition to the family is one example of where a secured loan may be used to finance the unexpected. However, it must be remembered with any borrowing that repaying over a longer term may increase overall interest charges.
