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When shopping around for home content insurance there are essentially a couple of things you have to consider – sentimental value and replacement value. If you think about your TV for example, it isn’t that difficult to put a price on it and know exactly how much it will cost you to replace it. On the other hand, if you consider a piece of jewellery passed down your family from generation to generation or a painting on the wall which you bought while on holiday and has a special meaning to you and your partner, it is extremely difficult to put a price tag on such objects.
Have You Got Enough Home Contents Insurance?
Statistics show that when it comes to home content insurance, 74% of people are underinsured. Don’t fall into the trap of counting only the big things like the TV, the fridge, the laptop, jewellery and your digital camera.
Very often the “invisible” things around the house like carpets, books, CDs, cutlery and glassware are much more expensive to replace than you may think. Its amazing how much stuff each and every one of us accumulates over the years without even realizing it.
The best thing to do is to create an inventory. One room at a time, create a list of all the content and its value, starting from the bigger and finishing with the smaller objects. If possible, you may want to create a short video filming each and every room and its content.
Such a video can be handy if you need to make a claim in the future. Needless to say, make a copy and store it outside your property or online in a digital format.
Insurance expert recommend to re-evaluate the value of your belongings every year. Some items may lose value with time, others may increase in value, but when shopping around for home content insurance it is always wise to know exactly what your possessions are worth.
What are you waiting for? Compare FREE home content insurance quotes now and see how much you could save today!