Home Contents Insurance - Are You Properly Covered?
Home Contents Insurance - Are You Properly Covered
?Take a quick inventory of the valuable items in your home: Most people have expensive flat-screen TV's, a couple of gaming consoles for the children and a 10 year collection of CD's and DVD's in their living / television rooms. Then there's probably the latest state of the art sound system, a decoder, a couple of cell phones and a DVD player or recorder too! Then move on to the more obvious items such as the living room couches, the bar in the corner, the beds and nightstands in the bedrooms. the list goes on and on! Just as you have car insurance to protect you in the case of your car being damaged or stolen, and life insurance to protect you or your family in the case of death or disability, it is also important to have a home contents insurance policy to protect the contents of your home!
We almost forgot about all the "toys" in the spare bedroom. Top of the range golf clubs for mom and dad, 3 sets of the latest diving equipment available on the market and a very expensive bicycle (dad is practicing for the Tour de France in 2020!). This all adds up be quite an expensive toy collection. and that's putting it mildly!
Contents insurance offers protection against the replacement cost that you will have to pay to replace items such as the ones described above in the event of it being stolen, lost or damaged.
When can you put in a claim against contents insurance? The most obvious claims are in the cases of theft, flood damage, burst water pipes (or fish tanks!) and other similar accidents. Insurance are taken out to protect you against the unforeseen. These accidents cannot be prevented or predicted. that is why it's called an accident in the first place! Always be prepared for the unavoidable!
Always keep the following in mind when taking out contents insurance for your home:
Every person wants to protect their personal belongings. It does not matter if you are a house owner or a tenant, or if you are living in an one bedroom flat or a mansion with 5 rooms and a heated swimming pool, what's yours is yours and you still have to protect it!
There are different types of contents insurance policies that cater for different requirements.
There are other factors to also consider when you are comparing the different kinds of policies available. It is also possible that some of your items are still covered even if it's not actually on the physical home property at the time of the accident or incident. For example, when you are transporting an item from one place to another. Never ASSUME that your items will be covered. This differs from policy to policy, from company to company and from item to item, so make sure that you are perfectly aware of what your contents insurance policy will cover, and what will be for your own account.
It is very important that you are not underinsured. Keep in mind that your content insurance policy is there to replace damaged or stolen content at the current replacement value! You will not be able to replace a computer that you bought 10 years ago at the same price that you paid 10 years ago. Do a thorough analysis of all your valuables and make sure that you will be able to replace an item at its current value when your claim pays out. Where Not to Save on Homeowner Insurance High Brush Areas Limit Homeowners Insurance Options What Do You Know About California Homeowners Insurance? Shopping for and Maintaining Adequate Homeowners Insurance NY Choosing A Home Insurance Company Based On Its AM Best Rating Factors To Consider When Binding Home Insurance In Florida Four Issues To Keep In Mind When Renewing Your Property Contents And Home Buildings Insurance What You Need to Know About Home Insurance How To Save Money On Your Homeowners Insurance Why motorhome insurance is essential Home Insurance coverage Quote Online - What You Want To Know Earlier than Purchasing How to find the best motorhome insurance Where to Find Competitive Home Insurance Quotes