Contents insurance as part of a home insurance quote is one of the most important types of insurance you can buy, and is invaluable if the worst happens. As money get’s tighter and people start to look for more and more ways to save, unfortunately contents insurance starts to get affected. The higher the level of contents insurance you have in your home, the more it will cost.
As a result people are less careful when they add up the value of the contents in their home, something they really should do with more care.
We’ve recently seen a couple who had taken out contents insurance a few months before make a claim, on their £30,000 worth of contents insurance, only to realise as they were going through the wreckage of the fire that had ravaged their home that they had belongings costing way more than that in the home.
Had the spent a little more time counting the value of their contents in the first place they’d have been covered for the full amount, but instead they are left counting the cost of their mistake.
Tips for counting your contents
One of the best tips we can give your adding up the value of the belongings in your home is to imagine you were buying it all again today. How much would it cost? Go through your home a room at a time and add it up room by room. The most deceiving rooms are often the kitchen and the bedrooms.
The bedrooms in particular contain your wardrobe and years and years of clothes you may have forgotten you own. If you add up the cost of those clothes over time, you’ll find there’s quite a lot of value in there, and the shoe cupboard can be another area of value.
The kitchen contains a range of expensive appliances, and the fridge, freezer and cupboards are full of food, which adds up in value. You also need to take into account saucepans, utensils and crockery when adding things up.