Home Content Insurance

Home content insurance is vital; recent crime statistics show that burglaries are on the increase, and can happen to anyone regardless of property type or area.

Victims of burglaries regularly find after filing their claim, that the home content insurance they had in place, is insufficient to replace the stolen goods; according to insurer Hiscox, who carried out a survey of 40 homes, we are undervaluing our contents insurance by 40% on average.

If this happens, the insurance company will only pay out your insured value, and if you are the victim of a more serious insured event, such as a fire that wipes out the entire contents of your home, having to make up 40% from your own pocket will amount to several thousand pounds.

Policy holders put themselves in the situation of being under insured when they take out an initial policy; shut it away in a drawer, and year after to year purchase new contents for their home without once contacting their insurer to increase the value of their insured sum to cover the new goods.

Home content insurance is generally low cost, and your yearly renewal date is a good time to reassess its suitability and conduct a re-valuation of your home contents, increasing the policy where necessary.