Contents insurance can provide cover for the possessions that you own in your home, for example furniture, TV’s, laptops, tablets, clothes, jewellery, artwork and even items like large kitchen appliances like washing machines. Under a standard policy you will have limited cover for accidental damage, but you can extend this to provide cover for things like paint or red wine spillages, or a breakage, for example – a vase. With contents insurance you are covered for:
- Loss or damage to contents by fire, flood, storm, theft and other similar causes.*
- Freezer food: loss or damage caused by a rise or fall in temperature in the unit caused by a mechanical fault.*
- High risk items such as jewellery, watches or paintings can be covered.*
- New for Old contents cover: replacing your damaged or lost insured item with a brand new one. There are some exceptions, for example clothes. See the policy booklet for full details.*
- You can also extend cover to include personal possessions outside of the home – insure everyday items such as cameras, jewellery, keys, clothing and cash that you and your family take outside the home if they’re lost, damaged or stolen, even when on holiday.
*Subject to the terms and conditions of the policy document.
It’s important to get the total value of your contents as accurate as possible – this is the maximum amount the policy will pay out if the contents of your home are completely destroyed. Experts estimate that one in five households could be underinsured because they do not know the true value of their home contents – so remember to make sure you go through your house room by room when adding together the total value of your contents, and remember to include things you might not think about like curtains, carpets, wall light fittings, wall hangings, mirrors, bedding, as well as any collections you have like books, CD’s or DVD’s.