Accidental Damage Policy

This type of policy covers accidental damage and loss – most policies are not of this type. The policyholder’s cover is not limited to a range of events as specified in a Defined Events policy. It is a much more comprehensive policy and therefore costs more than a Defined Events policy. An Accidental Damage policy covers you for specific (defined) events as well as accidental loss and damage for example if you drop your television set while moving it and it breaks. Not all insurers offer Accidental Damage policies.