What does contents insurance cover me for?
While building insurance covers you if your home starts falling away in a landslide, it won’t be any help if you’re possessions float away in a flood.
Contents insurance is what you need if you want to know that your possessions are covered. That pretty much includes anything that’s not physically part of the house, for example:
- Your beds, sofas and other furniture
- Books, records, DVDs
- TVs, games consoles
- Toys, ornaments and antiques
- Clothes and jewellery
Partial to diamonds or pearls? Ask your insurer if these types of items are covered as standard or whether you’ll need to declare them. Whilst you may not necessarily need separate cover, you might want to take out separate specialist cover for items of high value that you want them to be covered outside your home.
Contents insurance protects your possessions from:
- Natural events like floods and storms
- Fire damage
- Accidental damage
It does not cover:
Lost or stolen items away from your property. If you want your camera covered while backpacking across Peru, you may need to take out separate travel insurance to give you the best cover.