We have created a brief guide to contents insurance. It explains what it is what it covers, and offers some tips on how to calculate how much contents insurance you need. Home building insurance covers the structure of home against insured loss or damage. It can also cover fitted fixtures including your fitted kitchen and bathroom. Contents insurance covers your property inside the home: Your personal possessions and valuables.
It covers them for loss or damage as a result of fire, flood, and theft etc. Some contents insurance policies also protect you for small accidents, such as spilling a glass of water on your laptop.
You can even extend the policy to include loss or damage to valuables and possession away from the home such as whilst on holiday or loss of your mobile phone. You need to cover all the items in your house, including clothes, curtains and carpets in the event of a total loss. When taking out a contents insurance policy, your insurer will ask you to specify the value of the contents you want insuring, which is called the sum insured.
This is to help them determine how much it will cost to insure you, which will affect the cost of your premium. As a rule of thumb, anything you would take with you if you moved house should be covered by contents insurance. When calculating your contents cover you need to consider the total value of the possessions in your home and what it would cost to replace all these items if they were stolen, damaged or destroyed, for example, in a fire.
Although it may seem like a daunting task, calculating the full value of your contents is very worthwhile in the long run. Another handy tip is to keep receipts and photographs of high valuable items. Contents insurance is not just protection against burglary; it also covers your possessions if you had to replace them all due to a fire or flood. That is why the figure you calculate should represent the total value of the possessions in your home and why it is vitally important to get an accurate level of cover.
Are carpets included in contents insurance? Is a fitted kitchen covered by buildings insurance? Home Insurance. There's no such thing as an average contents insurance cost. The amount you spend on your contents cover will vary depending on the value of your contents, as well as a number of other factors such as where you live and what level of cover you want.
The policy extra is usually split into two options — Personal Possessions and Specified Items. Tool Find a retirement adviser. Calculator Redundancy pay calculator. Home Everyday money Insurance. Everyday money Insurance. What is contents insurance? What does contents insurance cover? Where can I buy contents insurance?
Five things to think about when buying contents insurance. How does contents insurance work? Find out more in our guide What is home insurance and how do I get a good deal? Back to top. Policies can vary in terms of what exactly they cover, but they usually include: clothing furniture jewellery electrical goods.
Coronavirus and contents insurance. Find out more in our guide Contents insurance — what does a good policy look like? What types of contents insurance are there? Do I need contents insurance as a tenant? Join our Facebook group.
Be honest. Read the small print. Keep your policy up-to-date. Compare contents insurance policies. See our guide on Finding the best deal with price comparison websites. Money Navigator Tool. Have you got money worries because of coronavirus?
Was this information useful? Yes No. Thank you for your feedback. Share this article. Email Facebook Twitter. More options. Share this with. WhatsApp LinkedIn. Explore this topic Close Insurance.
Protecting your home Protect yourself and your home: shopping for insurance What is buildings insurance? Extended warranties — are they worth it? Do you need mobile phone insurance? Buildings insurance — what does a good policy look like?
Contents insurance — what does a good policy look like? What is home insurance Flood insurance — getting the right cover. Explore the Topic Close Protecting your home Protect yourself and your home: shopping for insurance What is buildings insurance? Talk to us live Talk to us live for…. Talk to us live for… Pensions guidance. Talk to us live for… Money guidance. Talk to us live for…. Talk to us live for pensions guidance using.
Online form. Web chat.
0コメント