Buying Insurance
There are two types of home insurance, contents and building which should cover you for damage or loss resulting from fire, flood, theft or storm. Your home inventory can help you to accurately calculate the level of contents insurance you need and to assist you when making a claim.
When choosing a home contents policy it is important that you are aware of precisely what is covered. For example some polices may require additional cover for high value items such as antiques, jewellery, artwork, computers, cameras etc. Many insurers offer ‘new for old’ polices which means you are covered for the replacement cost at the time of the claim and not the value of the item at the time of loss.
Remember to read the small print of your policy and if you are in any doubt speak to your insurance company or broker.