What should I include in my contents cover and how do I work out the value?
Home contents insurance protects your household goods and personal belongings against risks like theft, fire, and damage. Typically, this includes:
- Furniture
- Electronics
- Appliances
- Clothing and personal accessories
- Kitchenware and utensils
- Bedding and linens
- Curtains and blinds
- Tools and equipment
Fixtures and fittings are generally covered under buildings insurance, not contents insurance. Additionally, certain high-risk items such as jewellery, furs, and works of art are subject to coverage limits. Please check your policy schedule for specific limits.
How do I accurately determine the value of my home contents?
Your contents cover includes everything you would reasonably take with you if you moved home. Your contents sum insured should reflect the total cost of replacing all these items as new in the event of a total loss.
For accurate valuation, assess each room individually:
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Go room-to-room systematically listing and estimating replacement values of all items.
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Consider current retail replacement costs—not original prices.
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Take special note of high-value items or collections.
Why is accurate valuation important for contents insurance?
Ensuring your valuation is accurate prevents two key risks:
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Underinsurance – If your cover is too low, you may not receive enough compensation to replace lost or damaged items.
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Overinsurance – Overestimating could lead to higher premiums without additional benefits.
If you have high-risk items, make sure they are individually specified on your policy to ensure full cover where required. Regularly updating your valuations helps maintain the right level of cover.
Do I need extra cover for items taken outside my home?
Standard Contents Insurance covers belongings only at your insured address. To protect belongings regularly taken out, consider adding All Risks Cover (specified or unspecified items).
How can I keep my contents insurance accurate and up to date?
Keeping your contents cover updated helps you avoid unexpected costs. If you need help valuing your belongings or updating your policy, check your policy documents or contact us.