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contents insurance

How should I enter the amounts for my contents insurance on my SOA? I had to pay a deposit, plus a further 9 monthly installments. The 9 months direct debit is about £20 a month, but if I average the total (depoist + 9 months) out over 12 mths, its actually works out around £18 a month. So should I put down £18, or £20 to match the direct debit?

BTW, its a bit late now, but does £18 a month seems high to anyone?

Comments

  • sizzler
    sizzler Posts: 5,094 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Hi there, no amount sounds fine.

    Add full amount you pay together and divide by twelve and put on your SOA.

    Regards sizzler:beer:
  • WLITC
    WLITC Posts: 1,029 Forumite
    Part of the Furniture 500 Posts Name Dropper Photogenic
    sizzler wrote: »
    Add full amount you pay together and divide by twelve and put on your SOA.

    Regards sizzler:beer:
    Thanks, thought as much, but just wanted to be sure.
  • philnicandamy
    philnicandamy Posts: 15,685 Forumite
    10,000 Posts Combo Breaker
    Just a quick question.....does your insurance cover accidental damage?

    something you may consider taking as once bankrupt you'll struggle to replace if anything major is broken
    We all die. The goal isn't to live forever, the goal is to create something that will
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