Beware the double insurance trap

Owners of electrical vehicles (EVs) are advised to check their motor and home insurance policies as they could fall into the double insurance trap.

An increasing number of motor insurers are providing cover for EV cables. While this is promising, it could cross over with your home insurance, leaving you in a double insurance trap if you need to make a claim. Some insurers state that they will not make a payout if cover is provided elsewhere, so it’s vital to read the small print of your policy wording and identify any grey areas. Also, about four in 10 products still do not clearly state if cover is provided for EV cables and charging points – if this is the case, you should confirm with your insurer.

As with all insurance policies, conditions and exclusions will apply.

9 April, 2025

More news

22 May, 2026

For many people, buying a home is one of the biggest financial commitments that they will make. But

What can you afford? We strongly recommend that you sit down with a professional adviser to ascertain what you can afford, based on your current financial situation. As well as your deposit and monthl

19 May, 2025

The cost of moving home in England has jumped 10.9% over the past year, according to new research fr

The average mover now faces a total bill of £51,826, with a 15% mortgage deposit costing £43,585, making up the largest share. However, changes to Stamp Duty relief thresholds have also driven costs

9 May, 2025

Around 11% of divorcees haven’t remove their ex-partner from their Will, risking their estate goin

L&G also says a tenth of divorcees have not updated who should receive their life insurance payout. Meanwhile, only a small number take out new cover after divorce, with 4% buying critical illness