| Put simply contents cover insures all of the items | | | | that may or may not be included a standard. |
| within your home, with some policies covering | | | | Examples include; items that may be used outside |
| those items kept outside, or within out-buildings | | | | of the home (e.g. laptops, bicycles, handbag or |
| too. | | | | wallet contents). |
| Although there are many "smaller" options and | | | | The number and type of eventualities resulting in |
| added extras, there are two main types of | | | | a payout will also vary considerably from policy to |
| policies that you can choose to cover your | | | | policy, typically though, cover against theft; fire, |
| possessions. | | | | flooding, earthquake and vandalism are included. |
| Firstly there is "New-for-Old" cover, which, in the | | | | Wilful damage and damage caused by DIY though, |
| event of a pay out will ensure all of your | | | | are common claims that are rejected. |
| possessions are replaced with new counterparts. | | | | The value of your possessions is likely to far |
| Although the premiums for this kind of cover | | | | exceed what you would expect, so as a rough |
| may seem a little steep, it's important to take | | | | guide; you should move from room to room, |
| into consideration the high values of depreciation | | | | calculating how much it would cost to replace |
| for certain items such as furniture and electrical | | | | each item from new. |
| equipment. | | | | With this in mind you should then be able to see if |
| Secondly is "Indemnity" cover, which tends to be | | | | the amount of home insurance you have is |
| the cheaper option of the two, as if the insurer | | | | relative to the value of your possessions. |
| has to pay out, they will deduct the cost of | | | | For more expensive items (e.g. antique jewellery) |
| everyday "wear-and-tear" from each item | | | | then it may be worthwhile taking out separate |
| replaced. | | | | house insurance cover for each item. Whatever |
| The breadth of cover you require will vary | | | | you decide to do, shopping around for cheap |
| greatly depending on your individual requirements. | | | | home insurance is recommended. |
| As well as all the obvious items, there are some | | | | |