Gaaagghhh contents insurance forms...

sleepymy

It's driving me nuts. It's the first time I've insured and I'm worried I'll undervalue and screw up any possible future claim. I have a calculation of sums sheet but trying to mentally go round the house and put a price on everything is so overwhelming

Anyone got any helpful tips on how to speed up the process while remaining accurate?

dunstonh

Is there any reason you are going with a sum assured policy and not a bedroom rated one? Bedroom rated plans automatically stick a sum assured on them often upto £50,000 which is plenty for the majority.

sleepymy

I'm not sure, it was the one that was on their site http://www.naturesave.co.uk/download.html I particularly want to use this company if their quote is reasonable as they give some of the profit to environmental causes.

sleepymy

Forgot to mention that it's a two bedroomed council bungalow so £50,000 would likely be over estimation.

mattymoo

Not a bad little form that.
A lot of loss adjusters (the guys who try to prove you are underinsured) swear by the Argos catalogue so use that to help. With books, DVD's etc I just take an average price (£7.50ish for books, £10 for DVD) and multiply by the number I have.

One bit a lot of people underestimate is the value of items they carry on themselves. Usually this is called personal possesions cover for items outside the house. With things like digital cameras / camcorders, IPOD's and sunglasses the values can soon mount up.

dunstonh

You should go with a bedroom rated policy then. 2 bedrooms would typically see most companies offering you automatic cover upto 30k-40k. More than enough unless you some really expensive or specialist items in your house.

sleepymy

Thank you so much for taking the time to help me dunstonh, I really appreciate it :cool:

My estimation came up just under 20,000 but I reckon that is missing out on a lot of cr*p (ex art student) that I have round the house that the assessor would probably take into account even though I wouldn't pay to replace it (resource center stuff). So I reckoned £30,000 would be a safe amount to estimate with £2,500 for personal possession cover to protect my MacBook, digi SLR & equipment or if I was mugged my wedding & engagement rings... I'd be really unlucky to get robbed of the Mac, camera equipment and my rings all at once, don't think I could carry it all lol.

Thanks again, you've helped me be more confident about my estimations

Oh yes, I was using the Argos book for prices