What valuables to include in the estimate
Essentially, all your valuables should be included in the estimate. However, when you estimate the value of your possessions, you should not just count up the value of your most precious items – you actually need to work out the total value of all your possessions that you store at home.
You need to include everything, not just items that a burglar might want to take away. Contents insurance is also designed to protect you should you lose everything in a fire and you then need to replace everything you owned.
The only things you can leave out of the calculation are the fixtures and fittings that are covered under a buildings insurance policy. Fixtures and fittings include the walls, windows and roofs of your property, plus anything that is secured in place, such as wardrobes, fitted kitchens and bathroom suites and units that are secured to the wall or floor.
Curtains, carpets and flooring are usually covered by the contents insurance policy rather than the buildings insurance policy.
The best way to ensure you don’t miss anything is to move from room to room in your home, making a list of everything in that room that would be classed as one of your possessions. For example, you would need to include the following:
- Furniture – including lamps, cabinets, sideboards and bookcases as well as sofas and chairs
- Artworks and antiques
- All cooking equipment – the oven, microwave, kettle, toaster etc.
- The fridge and freezer
- The food stored in the freezer and cupboards
- Kitchenware, such as pots and pans
- The washing machine and tumble dryer
- The dishwasher
- Bedroom furniture and linen
- Cutlery and crockery
- Clothes and shoes
- Your record collection
- Children’s toys
- Jewellery and similar items
- Cosmetics and toiletries
- Garden furniture and equipment
- Items stored in sheds or other outbuildings, such as bicycles and play equipment