A man who burned his house down after trying to cook a steak in a toaster has complained his $400,000 insurance payout isn't going to cut it.
The New Zealand man caused severe fire damage to the home he shares with his partner after making the ill-advised decision to forgo the use of a frying pan.
He left the slab of meat cooking in the toaster while he ducked out to buy chips from a local takeaway shop, returning to find his home ablaze.
A New Zealand man who burnt his house down after trying to cook a steak in a toaster has complained his $400,000 insurance payout isn't going to cut it (stock image)
The man's insurance company paid $418,000 for the severe fire damage on the home, an amount he argued wasn't enough to rebuild the property (stock image)
After lodging a request with his insurance company, the man was disappointed to discover his policy wasn't going to dish out as much as he had hoped.
The company paid $418,000 for the severe fire damage on the home, the maximum that could be paid under the couple's policy, Stuff reported.
Unsatisfied with this amount, the couple argued it wasn't sufficient to rebuild their home and asked the insurer to pay them out a further $200,000.
Their case is now being dealt with the Insurance and Financial Services Ombudsman complaints scheme.
The homeowners argue that it was not made clear to them that their policy changed from replacement cover to total sum insured.
However IFSO have counter-argued the insurer had paid the maximum they were entitled to, and said
