I live in a top floor flat. Is it worth me getting contents insurance?

societys_child

dano17439 wrote: »

Lol and what about the property itself?? Madness

From post #1

The buildings insurance is sorted by the management company

beecher2

The police told me that top floor flats are burgled more often than ground floor flats because if someone comes into the close the burglar has time to walk down the stairs and pretend he was visiting a flat. If they're in a bottom floor flat they're more likely to be caught.

This link backs this up
http://content.met.police.uk/Article/Flats-and-apartments/1400010715304/1400010715304

Once inside they will often go straight to the top floor flats first, as there is less likelihood of passers by seeing them whilst they break in.

Madness not to have contents insurance

dano17439

Quote:
Originally Posted by dano17439
Lol and what about the property itself?? Madness
From post #1

Quote:
The buildings insurance is sorted by the management company

Ahh yes of course, but to self insure on a regular property is madness. I have first hand experience of watching my parents bungalow burn down. For the sake of a couple of hundred pounds, they successfully had a claim of north of 150k to bulldoze and rebuild their place.
Oh and 5k is nowhere enough cover for contents - should be looking at least 6 fold of this figure. Again I have experience of this
Any type of insurance is the worse thing to pay out for.....unless of course you need to claim, then its the best thing

HappyMJ

dano17439 wrote: »

Lol and what about the property itself?? Madness

Freeholder. Service charges covering buildings are included in rent.

dano17439 wrote: »

Ahh yes of course, but to self insure on a regular property is madness. I have first hand experience of watching my parents bungalow burn down. For the sake of a couple of hundred pounds, they successfully had a claim of north of 150k to bulldoze and rebuild their place.
Oh and 5k is nowhere enough cover for contents - should be looking at least 6 fold of this figure. Again I have experience of this
Any type of insurance is the worse thing to pay out for.....unless of course you need to claim, then its the best thing

That's up to you and your circumstances. If I priced everything up and figured out the replacement value I would get to a figure of much less than £5,000. I own very little.

The only thing that a burglar would take is the laptop.

Ash_Pole

beecher2 wrote: »

The police told me that top floor flats are burgled more often than ground floor flats because if someone comes into the close the burglar has time to walk down the stairs and pretend he was visiting a flat. If they're in a bottom floor flat they're more likely to be caught.

This link backs this up
http://content.met.police.uk/Article/Flats-and-apartments/1400010715304/1400010715304

Ignorance fought there. I always assumed the top floor would be safer!

Strangely though my cheapest quote for contents on confused is £45.27 for top floor but the same policy for ground floor is £48.16. Might be something other than burglary risk here though, probably more chance of flooding from flats above.

dacouch

Ash_Pole wrote: »

Ignorance fought there. I always assumed the top floor would be safer!

Strangely though my cheapest quote for contents on confused is £45.27 for top floor but the same policy for ground floor is £48.16. Might be something other than burglary risk here though, probably more chance of flooding from flats above.

I would also say that thieves are more likely to attack a top floor flat as there is less chance of neighboors disturbing them while they're forcing the door or notice that the door has been forced

cifpower

I moved into a 2nd floor/top floor flat. I arranged contents insurance through Very insurance (RSA) for £95.81. Have accidental damage and, importantly for me, coverage for my mobile phone in and out of the home. I got £20 cashback and a £30 Very voucher so I bought a steam mop for £3. Overall, for me, a good deal.