**Collaborative post**
Having had to claim on my buildings insurance last year for a leak we had in our bathroom, I know just too well how important it is to have all your insurances up to date and include as much detail about treasured possessions as possible.
The leak we had was from a burst pipe behind our shower in the downstairs shower room. It leaked while we were on holiday, with the first I knew was coming back to a puddle on the kitchen floor. We actually assumed, incorrectly, that it was the fridge/freezer as couldn’t see the leak. It wasn’t until we noticed a damp patch behind the kitchen door on the wall that we saw the full extent of the damage. The whole downstairs shower had to be ripped out, toilet and sink removed, all tiles and flooring, 3 doors and door frames needed to be replaced, a partition wall needed removing and replacing.
The insurance company was amazing at paying out after we got the quotes for the work, but then covid lockdown restrictions meant we had to wait for the building work to be done. I was SO grateful that our insurances were all in place as the work cost a little under £10,000.
Now it is that time of year again when the renewal quote are hitting the doorstep for all our various insurances – annoying how they all come at once but that will always tend to happen as you do it as soon as you move in generally, so they always fall together.
I, have been taking a close look at the contents insurance this week and realised while I had added my expensive jewellery items, there were things I had missed off that I want to ensure are covered should we every have to claim.
Such things as my laptop, as I NEED this to work and my expensive camera, Paul’s watch and the gaming consoles.
Most people remember to add things such as engagement rings to their policies, but wedding rings can also be added as once added to your policy they are then covered for loss or theft outside of the home too.
Home contents insurance covers you against loss, theft or damage to your personal and home possessions. It can also cover you if you take items out of the home, on holiday, for example.
The insurance covers your own possessions and those of close family members living with you.
What should your policy cover
Your policy should cover damage caused by fire, flooding, storms and theft. You may have to pay extra to cover accidental loss or damage to your possessions. This may be worth considering is you have children or pets. However, check what’s included before purchasing your insurance and do compare prices using a price comparison site – remember to use cashback sites too if you can.
You will also have to pay extra to cover possessions that you take out of the home, for example, bridal set rings, cameras, jewellery, or to cover a particularly valuable item. Your policy may not cover the contents of a freezer or a mobile phone and there may be an upper limit for a single item.
Most policies carry an excess. This means that you won’t be covered for the first few pounds of a claim. A typical excess may be between £50 and £100 but to replace your treasured items would cost you far more than this without the insurance.
You will need to compare:
- what each policy covers and what the exclusions are
- the premium you have to pay
- the amount of any excess that you will have to pay yourself
- the no claims bonus which increases yearly if you don’t make a claim
- any additional conditions, for example, about leaving your home unoccupied for a long period.
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