Passion For Fashion

Summary:  
Home and contents insurance covers everything removable in your house.  Find out how expensive it would be to replace your possessions.  You can select to pay more for further cover.

Look around your home and see the portable items that you take for granted, like TVs, the furniture, your clothes and jewellery, even the food in your freezer. Oh and don’tDo not miss out the lawn mower and garden tools if you keep it in a locked shed down the garden.  And cash you might keep in the cookie jar, up to around £100 maybe. These items constitute the ‘contents’ for insurance purposes and they ought to be insured for damage or loss.

It is not essential to have home and contents policies so getting a homeowners loan would not depend on having it, nevertheless it’s rather important.

People normally claim if their property has been damaged or stolen, but contents insurance cover would normally also protect against situations such as an explosion, damage due to water leaks or vandalism.

The expense of replacing the locks is normally included in a contents policy if your bag was stolen with the house keys in it. 

Unfortunate mishaps take place, and most insurance covers will pay out for a broken mirror for instance.  You have to specify and pay extra to incorporate damage to electronic gadgets, so check the small print in the policy vigilantly to be certain that you are receiving the cover you expect.

You can choose an ‘all risks’ extension to your contents policy which covers loss or damage to your property, when you are away from home.  Items such as binoculars, cameras, spectacles and of course your jewellery.

Most insurance policies feature personal liability cover which pays out if a stranger injures themselves on your premises, or if you damage someone else’s belongings on their property.  This claim could be for up to 900,000 pounds .

Some insurances have features such as increasing your insurance cover around Christmas when you expect to have more presents around, similarly for two months either side of a son or daughter’s wedding so the wedding presents are well protected. 

A further gain for families whose children are away at university is when your contents insurance policy covers their individual belongings and household items where they are residing.  The cover could be for up to 12% of your total sum insured.

If you run your business from home you will need a further premium,  as many contents policies omit cover for this.

The more insurance you needthe more expensive your premium. The amount you are insured for is the total the life insurance company will settle, even if everything you own is completely ruined.  So you have to consider  carefully and add up the cost of your belongings.

It’s difficult to know the cost of your belongings but you need to have some idea in order to purchase insurance.  Look through the whole house – loft, garage, shed, everywhere, and make a list of everthing.  Find out what the items would cost today if you had to replace them.  You might be in for a surprise!

This doesn’t  apply to bedding, towels or clothes for instance, as wear and tear is deducted from the replacement cost.  Cheap Life Insurance companies calculate the value of a coat, for example, by taking off a half of the original cost for every year you’ve had it.

Insurers give bistowe discounts for having lock on doors and windows and a burglar alarm, for example, or to customers who haven’t made any claims in recent years.