Contents insurance covers your own belongings in your home and will compensate you should they become damaged or stolen. Generally speaking, contents refers to anything you would take with you when you move house.It is important to understand which risks and which contents are covered under your policy as this differs from insurer to insurer. For more information on what exactly is covered under contents insurance at Getsafe, you can either visit our website or have a look at our articles on contents insurance cover.
The price of your contents insurance can vary significantly and depends on a number of different factors. For example, the total value of the contents of your insurance (your insured sum), your voluntary excess, and the add-ons you extend your policy with can all have an impact on the total cost of your contents insurance. Some insurers (unlike Getsafe!) also factor in employment status or the location of your residency, which can alter the price.
To get maximum protection for your belongings, you should sum up the value of all your contents in the home. Don’t forget items which you may have stored in other rooms such as your cellar (within the boundaries of your home). Most people find it difficult to estimate the value of their contents, however it is important to find an appropriate value: if you underestimate the value of your possessions, you might end up with a hefty bill as a result of fire or water damage and your insured sum won’t cover it all. If you overstate the value of your items, you might end up paying too much for your contents insurance. Luckily, you are not alone with this problem and solutions are available: you can find content calculators on the internet, which can help you estimate the value of your possessions.
Not sure what items to include? You can find a list of items insured on our website or under ‘What is covered under contents insurance?’.
Remember that items insured can vary depending on your provider.
While contents insurance may not be mandatory in the UK, it is a good idea to take a policy out. Should anything happen to your belongings as a result of an insured risk such as fire, water damage or theft, it might become very expensive to replace all of your contents - so contents insurance might be worth it. Plus, contents insurance is not a one size fits all solution! You can adjust your policy to your needs by altering the insured sum, your voluntary excess and different add-ons such as accidental damage or personal possessions.
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