What Really is Contents Insurance?

A contents insurance policy covers everythingon travel insurance premiums if you do not
you would take with you if you moved home.require personal cover.
That usually includes furniture, household goods,3. Do not embark upon DIY without checking that
food and drink, televisions, videos, computers,your policy's accidental damage section covers the
stereo equipment, clothing and valuables, usuallyconsequences of mishaps.
up to a stated limit. Boats, caravans and motors4. Keep your contents insurance policy up to date.
are usually insured separately.Most insurers automatically link the sum assured
A contents insurance policy pays if any of yourunder your policy to the Retail Price Index so that
home contents are lost or damaged. Typically,it increases in line with inflation, but check that
claims result from a burglary or fire, but a policyyours does also. If you add to your possessions,
should also pay if your possessions are damagedask your contents insurance insurer to increase
or lost as a result of an explosion, water leaks orthe sum assured to reflect value of your
if your home is vandalised.contents.
Most content insurance policies pay for accidental5. Most insurers offer premium discounts people
damage, but the extent of cover varies. Manywhose homes meet certain minimum standards.
pay to replace accidentally broken mirrors andThese include having deadlocks fitted to front
glass in furniture while some policies coverdoors and fitting key-operated window locks on all
accidental damage only to TVs, videos,ground-floor and other accessible windows. Make
computers and stereo equipment. Contentevery effort to prevent theft from your home.
insurance policies that cover accidental damage toThere are a number of simple and easy ways to
all content may be bought, but this cover isdo this:o Fit proper security locks on all points of
usually offered as an optional extra and costsentry - back doors and windows as well as your
more.front door.o Ask a neighbour or friend to keep an
Most content insurance policies may be extendedeye on your home while you are away. Ask them
to cover accidental damage or loss of valuableto move the post from the front door so it
items that you frequently take out of your home.cannot be seen, put out your dustbin and cut the
This option, known as an all-risks extension, maylawn. If you do not have time switches, ask them
be used to cover jewellery, cameras and sportsto turn lights on at night so that no ones can
equipment.guess your home is unoccupied.o Join your local
Once you have bought my contents insuranceneighbourhood watch scheme.o Have an alarm
policy, there are several golden rules to follow:system fitted. An alarm is a great deterrent, so
1. Do not let or sub-let your house without firstuse it even if you go out for only a few
telling your contents insurance insurer - your policyminutes.o Do not leave ladders or tools around
could be declared null and void. Letting increasesoutside the house - it encourages thieves.o Do
the risk of a claim so an insurer will probablynot leave valuable goods in full view - they may
impose conditions on the policy and increase yourprove an irresistible temptation.
contents insurance premiums.6. be careful with high-value items. Keep receipts
2. Do not buy travel insurance that offersand take photographs if possible, especially of
personal possessions cover without first checkingantique items. Articles worth more than
what is covered under your existing contents£1,000 should be listed and insured
policy. Many insurers automatically include coverindividually.
for personal possessions away from home, so7. Keep an eye on the competition. When your
buying similar cover under a travel policy is apolicy comes up for renewal, shop around for
waste of money. You should ask for a discountalternative quotes.