Take Care with Home Contents Insurance

When buying your home contents insurance you need to take your time. Buying the wrong policy could cost you dear in the long run. There is nothing worse than being burgled only to find that the loss of your Grandfathers antique watch, which was stolen, is not covered due to an exception in your home contents insurance policy.

Cover your jewellery and other expensive items

The key to avoiding this situation is to take your time and to read the policy conditions before signing up with a particular company. If your policy does not cover expensive jewellery you will be able to see this because your policy will state the maximum amount that is covered for jewellery. If that amount is £600 and your Grandfather’s watch is worth £1,000 you will only get paid £600 for it.

You also need to make sure that other expensive items are covered.

Remember to insure your entertainment equipment

Most people do not realise that their home entertainment systems are worth a lot of money. Stop and think for a minute about how much you paid for your TVs, laptops, tablets, games consoles and smartphones and you will fall over backwards. What if someone broke in and stole it all or you lost it in a flood how would you replace it all? Would you be able to find the thousands of pounds or dollars you need to buy it all again? Probably not, this is why your contents insurance needs to provide enough coverage to replace it all.

Protection from gaming accidents

While we are on the subject of home entertainment and gaming, you need to check to see if your gadgets are covered for accidental damage. A surprising number of people end up breaking things when they get carried away playing video games. This kind of accident is happening more and more as people start playing games like the Wii or Xbox Kinect games. People have a tendency to knock things of shelves and punch the telly.

Questions to ask when buying home contents insurance

When buying home contents insurance ask about exceptions and what circumstances could invalidate your insurance. In other words, ask about the limits of the cover. For example, are the items in your shed or garage covered? What happens if you lose personal items like your phone while you are out of the house?

Think about the worst-case scenario like a fire or flood and ask yourself if the cover on offer is adequate to allow you to replace everything you could lose in those circumstances. Listen to what others say about their experience with their insurance company, and look at those companies first.

Take the time to shop around and compare quotes. When doing so make sure that you are comparing like for like quotes. You can use the money you save on your premiums to buy some new games or if you shop around really careful even a new games console.

Optional Extras you can add to a contents insurance policy.

Some policies give you the option of adding legal expenses cover and annual multi trip travel insurance cover