Contents Insurance, what does it cover?

This insurance is really down to personal preference, it is not a legal requirement to have. Contents Insurance offers cover against fire, theft, acts of god and accidental damage to your personal belongings, as different companies offer different inclusions and exclusions you should always check your policy.

There are two main types of Contents Insurance. The first is a new for old insurance, this policy will replace your TV with another one of similar brand, quality etc. The other type of Contents Insurance is known as Indemnity insurance. This insurance provides cover for what the object is currently worth. Whichever policy you choose, it is important that the sum that you insure is an adequate and realistic amount,in case you do need to make a claim.

What if there was a fire and you had to replace all your furniture, clothes and jewellery, just imagine how much that would cost! When taking out contents insurance, it is worth walking round your house and making a detailed list of all of your contents and giving everything a monetary value. This will give you some idea of how much cover you need and if any particular items are required to be listed separately due to their individual replacement cost.

If you want to insure items that are particularly valuable but you no longer have receipts for these objects, you may be required to get independent valuations. All of these valuation documents need to be kept in a safe place as they may be required in the event of a claim.

Your content insurance may not cover your personal items such as cameras, camcorders etc once you are outside of your home ie on holiday. Therefore you may require additional insurance cover for travel.

Download the Home and Contents Insurance PDF Guide here - see our other free PDF guides here

Guide Contents

Advice on Contents and Home Insurance Cover
Buildings insurance, what does it cover
Contents insurance, what does it cover
Shopping around for home contents insurance
Applying for buildings and contents insurance
House insurance FAQ
Home Insurance Information

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