Home Contents Insurances

moremore

I am thinking of changing my home contents insurance and been searching for one that charges the least excess on a claim. Any help would be appreciated.:cool:

luvchocolate

Check on the comparison sites online for quotes.

tacpot12

Why do you want the one that charges the least for their excess? You should be looking for the one that charges the MOST for their excess because this makes the insurance cheaper. You are extremely unlikely to claim on your contents insurance, so it is much better for you financially to have lower insurance premiums than the difference in the excess.

moremore

tacpot12 wrote: »

Why do you want the one that charges the least for their excess? You should be looking for the one that charges the MOST for their excess because this makes the insurance cheaper. You are extremely unlikely to claim on your contents insurance, so it is much better for you financially to have lower insurance premiums than the difference in the excess.

I got 10K insurance for contents and if I got to make a claim I will get 6K for replacing old for new payment, a loss of 4k due to excess.
Especially if landlord items are involved

moremore

luvchocolate wrote: »

Check on the comparison sites online for quotes.

Have done but not too helpful for me.

Dangermac

moremore wrote: »

I got 10K insurance for contents and if I got to make a claim I will get 6K for replacing old for new payment, a loss of 4k due to excess.
Especially if landlord items are involved

Fairly unusual to see a £4000 Excess on Household Insurance. Are you in a high-risk flood area?

DM

Dangermac

moremore wrote: »

I got 10K insurance for contents and if I got to make a claim I will get 6K for replacing old for new payment, a loss of 4k due to excess.
Especially if landlord items are involved

Should the landlord not be covering their own contents?

DM

moremore

Dangermac wrote: »

Fairly unusual to see a £4000 Excess on Household Insurance. Are you in a high-risk flood area?

DM

No, but in London drains not done with all building works drains bursting it will soon be a high-risk area.

eddddy

Dangermac wrote: »

Should the landlord not be covering their own contents?

I expect the OP is talking about tenant's liability cover - for accidental damage to the landlord's fixtures, fittings and contents - which is often part of the tenant's contents insurance.

e.g. Drop a hot iron onto the carpet, drop something heavy on a sink and crack it, spill a bottle of wine on the landlord's sofa, etc


Edit to add...

Except having read this...

moremore wrote: »

No, but in London drains not done with all building works drains bursting it will soon be a high-risk area.

... I'm less sure what it is you want cover against.

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Dangermac wrote: »

Should the landlord not be covering their own contents?

DM

I would though so, but after looking at a clause in insurance policy provided by the landlord it says replacement of external locks and lost keys and contents of a freezer. Also, there is a cover for personal liability and cover for your landlord fixtures and fittings which you may be responsible for under terms of the tenancy agreement?
In a block of flats were residents have a fob to enter the block and key to used to get inside flat both are kept on the same keyring. Not sure as yet which eternal doors insurance is referring to door into the block or into flat:(

eddddy

moremore wrote: »

I got 10K insurance for contents and if I got to make a claim I will get 6K for replacing old for new payment, a loss of 4k due to excess.
Especially if landlord items are involved

Just to make sure that there hasn't been a misunderstanding...

• Is your question something to do with "New for Old Cover" versus "Indemnity Cover"?

i.e. With indemnity cover, wear and tear is taken into account.

So with "indemnity cover" you might get a payout of £6k, but it would cost you £10k to buy new replacements?

• Or is your question something to do with "Averaging"?

i.e. If you tell your insurer that the current value of your contents is £10k, but the replacement cost is actually £16.7k. They will only pay out 60% of a claim. (e.g. £6k on a £10k claim)