You can telephone some different insurance companies to ask how much they will charge, because prices will vary.
Choosing an insurance company
Insurance company
A company you pay money to each year. In return, they agree that if something is lost, damaged or stolen, they will pay to replace it.
They will need to ask you for some information. For buildings insurance they will ask about the house or flat.
- Where is it?
- How is it built? - is it brick or stone?
- Is the roof slate or tile?
- How old is it?
- Do you own it or rent it?
Buildings insurance
This is to help you pay for repairs if the building is damaged by a fire, a flood, a storm or an accident.
For contents insurance, they will ask about windows, doors and locks. They want to know how safe your house is.
Contents Insurance
This means that if one of your possessions is lost, damaged or stolen, the insurance company will give you the money to replace it.
They need to know how much your possessions are worth.
So make a list of the bigger items you own and how much it would cost to replace each one.
- Kettle
- £25
- Toaster
- £25
- Camera
- £120
- Computer
- £400
- Furniture
- £2,000
- Plates, cutlery, pots, etc.
- £300
- Total
- £2,870
The total in the sum above is the amount of contents insurance you need.
Contents Insurance
This means that if one of your possessions is lost, damaged or stolen, the insurance company will give you the money to replace it.
The list of things in the sum above is only an example. You need to make your own list.
Another way to find an insurance company is to go on to websites.
Insurance company
A company you pay money to each year. In return, they agree that if something is lost, damaged or stolen, they will pay to replace it.
When you are on a website you fill in a form online.
You will be asked the same questions about your house or flat or your possessions. Then they will check many insurance companies and tell you which company is cheapest for you.
Insurance company
A company you pay money to each year. In return, they agree that if something is lost, damaged or stolen, they will pay to replace it.
Then you will need to contact that company directly to arrange the policy.
Policy
A piece of paper that says what insurance you have bought and what it covers.