contents insurance

cd02

i'm one of those type of ppl that thinks "i don't need insurance, nothing will ever happen to me" that was until i was proven wrong lol

anyways i'm now in a different flat and really wanna find some cheap but good contents insurance.. can anyone point me in the right direction.. i really am on a tight budget...

i rent privately in the gloucestershire area.. don't know if that makes any different lol

cheers anyways ppl.. have a good day.. :rotfl:

loopy_lass

more than are ok...

loops

Tim_Dodd_2

Try some of the comparison website to narrow down the market.

It seems as though price is your focus - for obvious reasons - but make sure you're covered properly too. Don't lose focus of that.

_Andy_

Go through quidco and get cashback

Astaroth

Home insurance varies a lot more between providers than the likes of Motor does. It is therefore important to read the policybooks before deciding which one to go for. For example many but not all companies include accidental damage on "entertainment equipment" (eg hifi/ tv/ laptop etc) as standard.

The other aspect that is important is to work out the value of the contents you need cover for. If you set it too high you are paying premium for nothing as the max payout is the lower of your contents and the sum insured but if you set it too low you get the joys of averaging (this means that you only get the percentage of a claim that represents the % of the contents you insured - ie you have £50k of contents but only insure for £25k you will only get 50% of any claim made). There are some policies that offer "unlimited" cover but they simply use other factors in the rating.

The other "issue" is difference in terms.... some insurers use "high risk" items which is items like TVs, Jewelary, cameras, collections etc where as others use "valuables" which is only jewelary, collections etc. Make sure you are including the correct items for the insurers term.

Other than that it is simply a case of shopping around.

Tim_Dodd_2

Astaroth wrote:

Home insurance varies a lot more between providers than the likes of Motor does. It is therefore important to read the policybooks before deciding which one to go for. For example many but not all companies include accidental damage on "entertainment equipment" (eg hifi/ tv/ laptop etc) as standard.

The other aspect that is important is to work out the value of the contents you need cover for. If you set it too high you are paying premium for nothing as the max payout is the lower of your contents and the sum insured but if you set it too low you get the joys of averaging (this means that you only get the percentage of a claim that represents the % of the contents you insured - ie you have £50k of contents but only insure for £25k you will only get 50% of any claim made). There are some policies that offer "unlimited" cover but they simply use other factors in the rating.

The other "issue" is difference in terms.... some insurers use "high risk" items which is items like TVs, Jewelary, cameras, collections etc where as others use "valuables" which is only jewelary, collections etc. Make sure you are including the correct items for the insurers term.

Other than that it is simply a case of shopping around.

Another point to back up Astaroth's comment - as we're approaching Christmas, be sure to update your home contents insurance policy as soon as you can. The value of items covers will need revision depending on what presents you get and what you find in the January (now December!) sales.

This doesn't mean switching providers or anything like that. A simply phone call to your current provider should do the trick.

If you don't update the value of your contents insurance, you'll find that when it comes to claiming, you won't be covered for the items which the insurer was not previously aware of.

regularsaver1

Regarding Tim Dodd's comment - an unlimited policy would avoid having to update your policy anyway

loopy_lass

more than give you 75k for contents as a blanket start point. you can add to it etc. seemed ok for me, i pay £108 per year.

hth loops

Tim_Dodd_2

regularsaver1 wrote:

Regarding Tim Dodd's comment - an unlimited policy would avoid having to update your policy anyway

True, but the premium may be higher. Good option to look into though.

cd02

loopy_lass wrote:

more than give you 75k for contents as a blanket start point. you can add to it etc. seemed ok for me, i pay £108 per year.

hth loops

who do you get your cover from ? bank, brooker etc etc ?

Astaroth

More Th<n who loopy mentioned only sell direct to customers but partnerships (like banks) or brokers can at times produce better quotes