Home Insurance ? The Basics

buildings insurance should never be one of them.
Contents insurance The contents part of home insurance covers everything inside your bricks and mortar. As a rule of thumb, if it were possible to turn your property upside-down and shake it, everything that fell out would be covered by contents insurance while everything that stayed put including pipes and fixtures and fittings, would be covered by buildings insurance. This is why you should always take out contents insurance even if you are renting from a landlord.

Many claims for contents are made in tandem with buildings. After all if your bricks and mortar is damaged in the event of a fire, flood or leaking pipes, your belongings will be too. However, crucially, you will also need contents insurance to cover you against the risk of burglary. It follows then that the more secure your home – in terms of double glazing, locks and alarms – the cheaper your contents premium will be.

Adding it up

You will need to present to your insurer a monetary value of the contents of your home – something known as the ‘sum assured’. You can do this by literally walking around each room and totting up the value of your belongings. However, bear in mind the figure