Calculating the cost of your contents insurance

House insurance is relatively easy to get, but it may be worth narrowing down a few details when it comes to contents insurance

12:01 10 December 2012

House insurance can be taken out to cover you for costs, and one of the main types of house insurance cover is contents insurance. This covers you for your prized possessions, whereas buildings insurance takes care of the actual structure of your home.

 

But it’s not always easy calculating your contents insurance premiums. And if you were to make a claim to your house insurance company, you may end up receiving less money than you expected if you did not provide the correct details initially.

 

Cost of contents

 

This is important to get right for the above reason, but also because if you advise insurers wrongly, you could end up paying too much on you house insurance premiums.

 

•    Walk through your house to assess the value of your possessions. Visit each room to make sure you don’t miss anything.

 

•    Make a list. This should include all things such as jewellery and electronic gadget’s such as ipod’s. Remember to write down clothing and furniture, including carpets and curtains.

 

•    Don’t forget any belongings that are in your shed or garage as cover can be taken out for these too.

 

Always read the details of your house insurance policy. Many insurance companies have a limit on their pay-outs.