When you buy Home contents insurance you need to make sure that you have enough for all the things you own.
The amount of insurance you have is called your level of cover or your sum insured.
How much home contents insurance do you need?
Home contents insurance
Home contents insurance means that if something you own is lost, or stolen, or you have a fire in your home, the insurance company will give you money to replace it.
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To find out what level of cover you should have, you need to work out how much it would cost to replace all the things you own.
Make a list of all the bigger things you own. That will tell you how much you might need. It might look like this:
Level of cover
The amount of insurance you have is called your level of cover or your sum insured.
Go back up to wordsThings to be insured
- Kettle
- £ 30
- Toaster
- £ 30
- Camera
- £ 100
- Computer
- £ 500
- Television
- £ 300
- Furniture
- £ 2,000
- Washing machine
- £ 400
- Fridge
- £ 300
- Cooker
- £ 500
- Plates, mugs and cutlery
- £ 300
- Total needed (level of cover)
- £ 4,400
The list is only an example. You need to make your own list. Look around your home to see all the things you have.
Make sure you have enough insurance for the things you own.
Insurance
Insurance is a way of making sure that if something happens to your house or your possessions, like a fire, flood or accident, you can get money to replace things.
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But also make sure you don't have more insurance than you need. That would just cost you more.
Insurance
Insurance is a way of making sure that if something happens to your house or your possessions, like a fire, flood or accident, you can get money to replace things.
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For example, if you made a list of all the things you own and how much they cost and it is £5,000, you don't need insurance that will pay you £30,000!
You would be paying money for something you don't need.
Insurance
Insurance is a way of making sure that if something happens to your house or your possessions, like a fire, flood or accident, you can get money to replace things.
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