A recent survey by Admiral Home Insurance revealed homeowners and renters across the country could be undervaluing their contents insurance. Buildings Insurance is essential if you want to protect your home, and often a condition of a mortgage offer. It covers the structure of your home bricks and mortar as well as fittings such as your fitted kitchen and bathroom.
Contents insurance, while not compulsory, is essential if you want to protect everything in the property that you own such as your tech, furniture and clothes. Go from room to room and enter everything into the calculator — the total amount should be enough to cover everything in your home. Contents insurance is not just protection against burglary; it also covers your possessions if you had to replace them all due to a fire or flood.
That is why the figure you calculate should represent the total value of the possessions in your home and why it is vitally important to get an accurate level of cover. Are carpets included in contents insurance? Is a fitted kitchen covered by buildings insurance? Home Insurance. Home insurance FAQs. How much contents insurance do I need? What type of home insurance should I get?
What does home insurance cover? How to calculate rebuild cost for insurance? Does home insurance cover flooding? Does home insurance cover fire? Is building insurance compulsory? Can you afford to replace everything you own? If not then you need contents insurance regardless of whether you own or rent. Home contents insurance differs and may or may not cover you for accidental damage for some items.
As an optional extra, you may wish to consider a bolt-on to cover yourself in the event of accidental damage.
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