Contents insurance- help!

Imelda

Hi all,

Our contents insurance runs out tomorrow :eek:. It is usually my husband's job to arrange the renewal but as usual he has left it to the 11th hour.

Our current insurers have changed and will no longer insure us, I gather my DH usually just rolls the insurance over each year and we pay about £52/ mth.

The difficulty I am having is with our valuables, I have a couple of expensive items as does my husband which together total about £24,000.

The rest of our contents come to about £50,000- nothing unusual there, just a typical house right?

I have looked around this morning (DH informed me last night) but I am having difficulties getting quotes. The only one I have actually managed to get online is Hiscox for almost £900/year!

I called direct line and they have absolutely no interest. I have to get valuations and even then the guy said "they probably wouldn't include your engagement ring". Without our valuables we can insure for about £250/yr.

So, my question: what do you suggest? A normal policy for household stuff and then try to find an individual policy for our valuables? Or go with someone like Hiscox for both? Or Just insure the house stuff and save the money we would spend on insuring our valuables to replace if the worst should happen?

Frustrated :mad:

InsideInsurance

At nearly £75,000 of contents you are starting to get into the region of MNW insurers rather than the mass market.

If you like Direct Line for some reason you could try their new Select policy which is aimed at those over £75k and includes unspecified items up to £10,000 http://directline.com/select/select.htm

Axa have a lower end MNW policy that has similar sorts of values and certainly used to be cheap for me.

There are brokers who will also have access to similar products from the likes of RSA who don't do a direct to consumer proposition for that market segment

*Scarlett

You could try http://www.adrianflux.co.uk/high-value-home

I don't know what age you are but http://www.insure4retirement.co.uk/pages/home-insurance offer contents insurance up to £100k and I think the single article limit is £2k but you may be able to specify items of a higher value. This company specialises in over 50s but it's not to day they wouldn't insure someone under 50 so might be worth a quote.

Saying that it's probably the individual values of your high risk items that are causing you problems. Some mainstrean insurers will consider excluding cover for certain items and you could arrange a separate cover for them elsewhere if it's financially viable, but this would need to be referred to the individual insurer withh full details.

What type of security do you have at the home? Usually if you have approved locks, alarm and safe this will help.