CONTENTS INSURANCE

Hunnie1977

hI
I moved in to a rented 1 bed flat 1 year ago but not got the above 

I got a fridige and eletric cooker and micowave when i moved in from landlord 
I brought with me a fridge a tv and bought a sofa bed and bed 
I am out of the flat most of day but home at weekend 
has have 2 moile and lap top what would it cost a month to get contents insurance 

FlorayG

Probably not much but nobody here can answer as it depends on where you live, what type of flat, lots of other things. Just go to a comparison website and put in your details for quotes

elsien

Also depends on the level of cover, and whether you want cover for accidental damage, for example. 

Brie

walk around the flat and think about what you would need to replace if someone came in and stole everything.  add up the cost of all of that.  Don't forget you need to replace your clothing, your cutlery, tins of soup, towels.  

And then think about if there's anything of particular value that might be excluded if not specifically mentioned.  (high price IT or stereo or paintings or jewellery)

Then when you go on the comparison site you can see how much basic cover would cost versus something more extensive.

DullGreyGuy

Brie said:

walk around the flat and think about what you would need to replace if someone came in and stole everything.  add up the cost of all of that.  

Just to be absolutely clear... it's everything you own, irrespective of if you would want to replace it if it was stolen/lost etc. 

Most policies are "new for old" so you arent considering how much you could sell your sofa for but how much it would cost you today to go to DFS or John Lewis etc and but a brand new replacement.

Aretnap

Brie said:

walk around the flat and think about what you would need to replace if someone came in and stole everything.

Sounds like a common mistake. The insurer is asking for the total value of the house contents, not just the things you'd actually want/need to replace. Which means you have to include the cost of replacing all the DVDs you don't watch anymore, all the old clothes that no longer fit and all the junk in the loft with equivalent new stuff.

Some people think "well, that's OK, if the whole place burns to the ground I'll just need £X to replace all the things that actually matter, and I won't bother replacing the junk in the loft". Which is fine so far as it goes, but if you have only insured for half the total value, being underinsured could also mean that the payment for a smaller claim (eg a flood that only detroyed what was on the ground floor) was reduced by half. Which would be a bit rubbish, all things considered.