Government figures indicate that many households in the UK do not have any contents insurance. For example, more than half of those people who live in rented accommodation have no home contents insurance whatsoever. Even owner occupiers sometimes neglect this aspect of cover, with almost 10% of those who own their home having no contents insurance.
Simply put, buildings insurance covers the structure of your home, while contents insurance protects everything inside it from damage or burglary. Luckily, finding a good deal on contents insurance is not difficult. Perhaps the easiest way to do so is to search for house and contents insurance online. These comparison sites enable you to fill in one form, and then see every policy which might be right for you. Searching makes sense even if you already have contents insurance, as recent research indicates that the average consumer can save £127 on their home insurance by switching deals.
It is important, however, to make sure you give the appropriate information to comparison sites, to enable them to save you the most money. Do not over or underestimate the value of your belongings or you will end up either overpaying on your premiums or not being fully covered. Remember to judge the value of the contents you are insuring by their current market value, and not the price for which you bought them. Furthermore, don’t forget to avoid policies with an upper limit on single claims if you are trying to insure an expensive item. Read the small print, and all will be well.
As long as you are sensible, it couldn’t be simpler. Choose the right policy options, search for house and contents insurance at MoneySupermarket or another comparison website, and breathe easy. The contents of your home are insured!