Contents Cover - Hints and Tips

While content cover is not compulsory, taking out the insurance could make a great deal of sense. If the worst case scenario were to arise you could lose everything. With contents cover behind you there would be something to fall back onto and while this would not be able to replace lost memories, it would at least allow you to buy new items for your home.

When considering taking out contents cover you have control over the amount you choose to insure. This sum insured is the amount you get back if you should have to make a claim on the policy. To get a good idea of this amount you could go around the home and jot down what it would cost to replace all of the items in your home. When taking this measure items which are stored away in cupboards, loft, kitchen cupboards and drawers and your wardrobe. Even the smallest of items would soon add up to a considerable amount which of course if not included means you could lose out if you needed to make a claim.

Usually when covering your contents with the insurance you should be able to claim for damage by such as the result of theft, vandalism, flooding, fire and water damage. However you may want to check the small print of the policy you are looking into taking before actually buying as some policies may not cover flood damage.

When taking out cover the majority of insurance companies will allow you to choose between wear and tear cover and new for old. If you should decide to take out new for old protection then any items that were destroyed, damaged or stolen would be replaced as brand new. Wear and tear as the name suggests would take depreciation into account. As a result this type of protection would offer the cheaper premiums.

Contents insurance would generally protect any item in your home that you would take with you if you should choose to move home. However all insurance policies will come with some limits and exclusions and you may wish to check these before taking on the policy. Some very expensive items such as collections and expensive jewellery may not be protected unless you mention them to the insurance provider, who could ask you cover these separately. When considering insurance for your contents always check to find out if accidental cover would be included in the protection. Some insurance providers will include this, for example if you were to be decorating and spilt paint on your carpet which ruined it, you may get a replacement. If you accidentally broke such as a mirror or glass topped table you could also be entitled to claim for this too. However some insurers will ask that you pay a little extra to have accidental damage included.

Allowing a broker to search around for the cheapest premiums for your contents cover may lead to you getting the cheapest premiums for the protection. By choosing this option you will have access to some of the top UK insurance companies without having to spend hours searching online yourself.

David Thomson is Chief Executive of BestDealInsurance an independent specialist broker dedicated to providing their clients with the best insurance deal on their home insurance, car and life insurance