difference between contents cover & unspecified valuables

ems2

Hi,

I am getting some quotes for contents and I was hoping that someone could explain what this means?

Total limit for unspecified valuables and personal belongings (the upper limit for a single unspecified item is £1,500)
£7,500

Total value of contents cover
$40,000

TIA

warez22

Contents are general items like sofas, tables, curtains etc. Valuables are things like stamp collections, paintings, collections, furs etc.

Its saying that it will give you a total valuables limit of £7500 which is included in the £40000 contents. Anything over £1500 would need to be specified and would be in addition to the contents.

Hope that helps.

PS - personal belongings cover is from items that you take away from the home - sometimes known as 'all risks'

lisyloo

Jewelry is the probably the main thing you have under valuables.

foggytown

ems2 wrote: »

Hi,

I am getting some quotes for contents and I was hoping that someone could explain what this means?

Total limit for unspecified valuables and personal belongings (the upper limit for a single unspecified item is £1,500)
£7,500

Total value of contents cover
$40,000

TIA

To go into it further (and without having seen the wording of the particular policy):

Personal belongings are usually defined as items of clothing and other items of a strictly personal nature liable to be worn or carried like mobiles, MP3 players, handbags, etc. (but not jewellery or money)

All of your contents would be insured up to a value of £40,000.

Of this amount, £7,500 would be in respect of valuables and personal belongings, leaving £32,500 for your general contents. Of this £7,500 the insurer will not pay more than £1,500 for any one item unless the item has been specified i.e. identified and listed by name on the policy.