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Insurers should pay out, even when it's our fault

Woman cleans her car from ice and snow
Some insurers won't pay out if you leave your keys in a cold car and it won't start Credit: Jochen Tack / Alamy Stock Photo

The idea behind insurance is beautifully simple.

We all own things of value, which we couldn’t afford to replace if something bad were to happen to them.  So rather than crossing our fingers in hope that the worst will never come to pass, we contribute a small amount of money into a pot that promises to compensate us if our valuable possessions are lost or destroyed.

Few of us could afford to rebuild our house if it burnt to the ground. But as the likelihood of that happening is fairly low, it’s mercifully cheap to protect ourselves against the risk.

Insurance today has evolved well beyond its initial simple origins. 

Home insurance doesn’t just cover you against fire, it protects against burglary, flooding, subsidence, leaking water, falling telegraph poles, the cost of alternative accommodation if your home can’t be lived in – and dozens of other risks.

These innovations are wonderful in...

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