Contents insurance covers personal belongings that are found inside but are not attached to a house. Things like furniture, clothing, appliances, electronics and furnishings can all be covered under a contents insurance policy. The coverage purchased for contents should enable replacement of the items should they get damaged or stolen.
Insurance companies provide cheap contents insurance policies that cover belongings of all the family members staying in the house. It is not mandatory for someone to have this type of insurance but it is recommended, especially if one owns expensive items. A cheap contents insurance policy will save you the financial constraint that comes with buying new household items following property damage.
It covers personal possessions against loss resulting from storms, fires, floods or theft. Regular contents insurance policies do not include accidental loss but you can purchase a rider for it. This will ensure that you get compensated for broken furniture or glass made so through no fault of yours.
While a contents insurance policy will provide the full cost of replacing an item, it does not cover all risks. Here is what is excluded:
- It does not cover household goods damaged or stolen from a house has been unoccupied for over 60 consecutive days. You must prove that the house was occupied around the time the vandalism took place or disaster struck.
- Items that get damaged accidentally either during use, transportation or handling will not be compensated unless they are covered under accidental damage coverage.
- Items whose value is higher than the purchased content insurance value will not be replaced. To protect such items, you have to buy additional coverage catering specifically for them.
Now that you are aware of what is covered in a contents insurance policy and what is not, you can go ahead and look for quotes from reliable insurance companies. Many providers will have average rates but if you search exhaustively, you will find cheap contents insurance rates. Many insurers are wiling to give a lower rate to customers who show interest in the policy.
If you have good negotiating skills, you will get even lower rates than what the company is offering. A simple trick like threatening to check out a rival company which is giving lower rates will soften the company’s stance and they will give you an even lower rate. Make your home safer by installing anti-burglar systems and you will qualify for cheap rates on contents insurance. http://quotes-center.com