Taking out contents cover for your possessions is essential as without it you could lose everything if the worst case scenario arose and you had to replace everything in your home. If you want to make some of the best savings on covering the contents of your home then you can let a specialist broker search on your behalf for the cheapest premiums.
The cost of covering your home contents will depend on the amount you choose to protect. Therefore you do not want to over insure as you will be paying out for protection you do not need, yet you do not want to leave yourself under insured in case you should lose everything. The best way to get a very accurate idea of how much cover you need to take is to make an inventory of all the possessions in your home. By taking the time to go through your home from room to room this will ensure that you do not forget anything as it can be very easy to forget about small items such as in kitchen cupboards or in the loft. Even the smallest of items can add up to a very surprising sum of money when combined together.
Contents cover offered by providers will not provide protection for items that are lost of stolen outside of the home. For example if you are the victim of a burglary items such as mobile phones or MP3 players that are stolen would be covered if taken from the home. However if you were to lose these items or have them stolen while out of the home they would not be covered under a standard home contents policy. The majority of insurance providers however will allow you to add on protection for these items for small cost so this is worth considering.
Usually when covering the contents of the home you would be covered for fire, theft, vandalism and some providers will add in protection for accidental damage for such as spills of paint on carpets or broken TV screens or mirrors. However you would need to check the small print of the policy you are considering taking out for you to be sure. You would also need to check to find out the limit for any one item as insurance providers will usually put a limit. Any very expensive items such as jewellery or collections might not be insured under the standard policy so you also need to check for this in the small print.
One thing to remember is when it is time to renew the insurance policy do not stick with the same provider year after year. Your insurance premiums will go up over time and by allowing a specialist broker to shop around for you each year, you could get the premiums for much a cheaper price.
Finally when considering taking out contents cover, if you have already got buildings insurance check to find out if you could get the cover cheaper if you choose to take it out with the same provider. Very often if you take both contents and buildings insurance together you can save a great deal.
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.