Insurance for possessions
It’s worth noting that policies usually set a limit in value terms for individual items. Items worth more than a certain amount may also need to be listed individually.
Exclusions will often include:
- Camping gear while in use in the open
- Items stolen while on public display in a vehicle, even if it’s locked
- Bicycles not secured
- Business equipment such as a company laptop or tools
- Damage caused by wear and tear
You may find there is a single event limit too. So, if you’re heading for a festival this year check your policy to make sure you’ve sufficient cover for all your gear.
As policies can often be different from one insurer to another, make sure you read the policy documentation to ensure you have the cover that you think you do.
Will it cost more?
Yes, you will pay an additional premium for personal belongings cover. However, not only will you gain valuable protection, but also some peace of mind when you’re out and about.
Anything else to consider?
A few things yes. Before you rush out to cover your possessions, make sure:
- You’re not doubling up on cover. Personal possessions cover is great for day to day cover but if you’re only looking to cover a specific trip, have you already got travel insurance that covers you?
- You check that your cover protects you overseas if you’re heading abroad.
For many people personal possessions or belongings cover could offer valuable additional protection. Before you take out any home contents insurance cover, compare prices and policy cover right here with us.