Have you considered insurance for your house contents? Even if you feel that you don’t have many possessions, this type of cover offers you the peace of mind of knowing that if disaster strikes, you’re covered.

1. Check the common coverages

Insurance policies for house contents cover household goods and personal belongings against loss or damage caused by fire, lightning, storms and theft, and you can even take out extra cover for loss of water.

Check the terms and conditions of your policy carefully to ensure that you have enough cover and that you know what you can claim for. Also consider taking out bundled insurance for your house contents and vehicle from the same insurer to save on premiums.

2. Compare total costs

When you take out an insurance policy, you will have to pay premiums (monthly or annually) to keep your policy active. If you do not pay your premiums, your policy will lapse, and you will not be able to claim.

If you take out a policy with lower premiums, you might have to pay higher excess amounts, which is the amount you must pay every time you claim. Usually, the excess amount is deducted from the amount that your insurer pays out. Policies with higher premiums usually have lower excess amounts, so make sure to choose an option that suits both your needs and your budget.  

3. Make sure that you have enough cover

When you take out a policy, it’s important to give your insurer all the relevant information to determine the best option.  

It’s also important to have a detailed inventory of all the items that you want to cover, including the amount you would need to replace them. If the full cover amount of your policy is not enough to replace these items, it means you are underinsured. Read the small print and talk to your financial advisor to make sure that you have enough cover.

4. Know what will happen when you move

If you’re planning to move, remember to update the details of your policy. Some insurers won’t renew your policy automatically if your address or circumstances have changed. You need to inform your insurer of any changes. Every insurer has its own requirements, which depend on various factors like security. Make sure that you meet all these requirements. If you don’t, your claim may be rejected.

That is why it’s important to take the time to read the terms and conditions of your policy. If you don’t understand something, ask your insurer to explain it to you. It’s better to ask all your questions before you take out a policy to help you make an informed decision.

Finding the best insurance for your house contents

If you're thinking about taking out house contents insurance, get in touch with us to help you choose the best insurance fit to take care of you and your belongings.