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