When home owners take out buildings insurance they will usually find that the same insurance company is able to offer a policy for contents insurance. It is essential to have contents insurance whether the home is owned outright or with a mortgage, or whether the property is being rented. Tenants often forget that they need to provide their own contents insurance. The landlord will usually have a buildings insurance policy to protect the building but this will typically not cover the contents belonging to the tennant.
Contents insurance is really necessary and there is a considerable amount of choice. The policy can have, amongst other items, accidental damage, old for new insurance and even cover for personal property when it is left in a car or damaged or stolen outside of the home. It is important to ensure that all contents are included in the policy and that you make sure that the minimum cover isn't taken. Should there be an accident, or the property has a burglary or any other incident, and the insurance is less than the full value of the contents in the property then the insurance company will only pay a proportion of the claim.
It is surprising how quickly the value of contents mount up so it is well worth taking an inventory of all contents in order to make sure that nothing has been forgotten. Don't forget to include jewellery and any collections (eg. coins or stamps) which can add to the value quite significantly.
It is important to contact brokers who know the various insurance companies and are able to arrange the best policy for your requirements. The experienced consultants at UKFCS will be only too delighted to assist you with the most appropriate contents insurance.