Summary:  
cheap home insurance covers all removable items in your home.  discover what it would cost to replace your belongings.  You can opt to pay more for further insurance cover.

Look around your home and see the portable items that you take for granted, like TVs, the furniture, your clothes and jewellery, even the fish, meat and veg in your freezer. Oh and don’tDo not miss out the lawn mower and garden tools if you keep it in a secure shed in the garden.  And savings you may perhaps keep in a drawer, up to around £250 maybe. These items make up the ‘contents’ for insurance purposes and they ought to be insured against loss or damage.

It is not compulsory to have home and contents policies so getting a homeowners loan wouldn’t depend on having it, nevertheless it’s pretty important.

People generally claim if their goods have been damaged or stolen, but contents insurance cover would normally also protect against circumstances such as an explosion, damage due to water leaks or vandalism.

The cost of changing the locks is usually incorporated contents insurance policy if your handbag was stolen with the house keys in it. 

Mishaps can and do happen, and most insurance policies will pay out for a broken mirror for instance.  You have to state and pay more additional costs to incorporate damage to electronic gadgets, so check the small print in the insurance policy meticulously to be sure you are receiving the protection you require.

You can choose an ‘all risks’ extension to your contents policy which covers damage or loss to your possessions, when you travel away from home.  Things such as cameras, the jewellery you are wearing, and your spectacles.

Most insurance covers feature personal liability cover which pays out if an other person injures themselves on your premises, or if you damage someone else’s belongings in their house.  This claim could be for up to 1 million pounds .

Some insurance policies have stipulations such as raising your cover over Christmas when you expect to have more gifts around, similarly for a few weeks either side of a family wedding so the wedding presents are well covered. 

An additional gain for families whose youngsters are away at university is when your home and contents insurance covers their personal belongings and household objects where they are residing.  The cover could be for up to fifteen per cent of your total sum insured.

If you run your business from home you will require a further policy,  as a lot of home and contents policies exclude cover for this.

The more cover you wantthe more costly your premium. The sum you are insured for is the total the life insurance company will settle, even if everything you own is completely ruined.  So you have to consider  carefully and sum up the value of your possessions.

It’s hard to know the value of your possessions but you must have a fairly accurate idea in order to purchase insurance.  Look through the whole house – loft, garage, shed, everywhere, and list everything.  Find out what it would cost to buy new.  It could come as a shock!

This is not related to clothes or bedding and towels for instance, as wear and tear is deducted from the replacement cost.  Cheap Life Insurance companies sum up the value of a dress, for instance, by deducting a third of the initial cost for every year you have owned it.

Most insurers give bistowe discounts for having recommended locks to doors and windows, for example, or to people who haven’t made a claim in a required number of years.