What should I include in my contents insurance policy?
This is one point that’s important to get right. Underestimate and you may be left with a shortfall on your policy – meaning you get proportionally less in your payout.
So how can you be sure this doesn’t happen to you?
First, go from room to room in your house, putting a reasonable value to everything you see. Don’t go mad – overestimate and you could end up paying over the odds for your contents insurance.
Try videoing your tour of the home. Move your camera round slowly, and focus in on expensive items, such as electronics and jewellery, while you give a running commentary. It won’t win the Palme d’Or, but the evidence could prove invaluable if you make a claim.
Common things that get overlooked are children’s toys, curtains and rugs. You should also go into the garden to assess the contents of your shed. Garden equipment can be expensive to replace, plus you might also have forgotten (but pricey) sports equipment in there.