Household Contents Insurance
Why
Household contents provides protection against theft and burglary or damage to items in your home due to one of the following insured events:
- Fire, lightning, and explosion,
- Storm, wind, water, hail, or snow
- Earthquake
- Impact by animals, vehicles, aircraft etc
You might have heard the example that when you flip your house upside down and shake it, whatever falls out is what you can insure under Home Contents Insurance.
This includes items that always remain in your home, such as your furniture, electronics and appliances that belong to you or any members of your household who live with you. It also includes contents in your garages, domestic quarters, storerooms, and outbuildings, as well as all your garden and leisure equipment.
Solution
You should be covered for the amount that it will cost to replace all your current possessions with new ones.
To make sure that your home contents are fully protected and not underinsured, it is important to accurately calculate the value of all your possessions. The best way to do this is to move from room to room in your house and list everything you consider a possession, not just your most valuable items.