Here are the basics ofContents Insurance, please remember that before committing yourself to any Insurance policy, it is essential to pay particular attention to exactly what is and is not covered.
Contents Insurance could cover:
Wallpaper
Carpets
Furniture
Electrical items
Clothing
Valuables - e.g. Jewellery - This may cost extra
Contents Insurance could cover you against:
Loss
Damage
Theft
The two most common types of Contents Insurance are:
An indemnity policy - This means that yourInsurance provider will pay out based on what they believe the current value of a given item is at the time of your claim. In other words, you cannot expect to get a brand new replacement. However, generally an Indemnity policy is cheaper.
A new for old policy - with this type of contents Insurance your Insurance provider will provide you with a brand new replacement of the item you are claiming against. Be aware that this type of Insurance tends to be more expensive.
If you are unsure of exactly how much cover you need orof what you would and would not be covered for, speak to an Independent financial adviser forInsurance advice.
Don't take the risk of purchasing Contents Insurance only to find that you are not covered for the things you need or that you don't have the rightamount ofcover, speak to an Independent Financial Adviser.