Contents insurance vs. appliance insurance

msauk

Thanks in advance for advice on this.

Currently owner of a 3 bed house (owned for the last year). The house flooded following a storm in June 2016 and luckily the buildings insurance (cooperative) policy we held (compulsory for the mortgage) has covered the renovation work (99% complete now, after 8in depth of water affected the ground floor of our Edwardian, 3 bed mid-terrace).

We have never had contents insurance. This has been mainly because of renting until this house purchase and opting to insure the most valuable things on individual policies. The most valuable things are musical instruments which currently cost £13 pcm to insure whether at home or taken abroad.

5 new kitchen appliances were installed just last month as the renovation work came to completion. The loss adjuster worked with Howdens to source replacements and their fitter/contractor fitted 5 AEG appliances: fitted induction hob, cooker hood, single oven (fitted in tower unit), fitted washing machine, and fitted dishwasher.

The oven bulb went out after 10 mins of first use yesterday (!), which prompted me to sort out warranty registration as well as look for spares.

The cost of extended warranty to a full 3 years (i.e. to March 2020) for all 5 AEG appliances comes to £15.52 per calendar month for 2 years (i.e. £372.48) and no payments in year 3. The new 40W halogen oven light bulb was not covered (!)

Having read some other threads on here, we could be in for several months of either: no hassle with the appliances, or plenty of hassle and possibly replacements. Others advise just saving this level of cash for the day a new appliance is required due to failure. My colleagues at work generally said: get contents insurance. My problem with contents insurance is that we have no receipts for the 5 goods, so I'm not sure how a claim would stack up! Apart from a free-standing fridge, we don't have much else of value in the house were we to get burgled, but perhaps we should just get contents for the eventuality/possibility of things being burgled, even if fitted (?)

Any thoughts gratefully received. Many thanks.

[Deleted User]

Appliance insurance is rarely worth it.

Contents is normally a very good idea. Building insurance will cover damage to the fitted items.

rs65

Contents insurance isn't going to cover breakdown.

FutureGirl

If the oven, washing machine etc were all fitted into the units, they are classed as buildings, not contents.

Contents insurance etc doesn't cover mechanical breakdown / electrical failure etc. It only covers the persil stated in the policy IE storm, theft, fire etc.

Appliance cover will cover breakdown etc, but some have a maximum limit they will pay out, or a maximum amount of call outs.

rs65

FutureGirl wrote: »

Contents insurance etc doesn't cover mechanical breakdown / electrical failure etc. It only covers the persil stated in the policy IE storm, theft, fire etc.

For washing machines?