Hot Topics

What is Tenants Content Insurance?
You will only need to consider Tenants Contents Insurance if you are living in a rented property.
What is Index Linking and should you have it?
Index Linking means that each year the insurance company will automatically increase the sums insured under your policy to reflect changes the country's rate of inflation.
How do you make a claim?
Most insurance companies now have emergency help lines. In our experience they are very efficient and will tell you what to do – sometimes they'll even make all the arrangements for you.
Complaining about a Home & Contents Insurance Broker
The insurance industry is now regulated by the Financial Services Authority.
Complaining about a Home & Contents Insurance Company
The general insurance industry is now regulated by the Financial Services Authority.

How Do You calculate the value for your Contents Insurance?

Ideally you should compile a detailed and thorough inventory of all your contents. This enables you to work out how much to insure for and, if you have a claim, your claim will be settled so much quicker.

How Do You go about making an inventory?

Be systematic. Visit every room and list down everything in it. Don’t forget the garage, loft and cellar.

Make sure that you list everything. Where appropriate record the make and model number. If there’s a serial number so much the better. A quick note about its condition and age will also be useful.

Then estimate what each item would cost at today’s prices. If you’ve got receipts keep them. Get up to date valuations for any special items, or items you are going to specifically name on the policy. For clothes and things like that we suggest you put in a ballpark valuation.

If you are having a “New for Old policy” (i.e. a policy which pays out for a new replacement item rather than the value of the item as it is now, taking into account wear, tear and depreciation), then you simply total up the value of everything you’ve listed.

If you are going for a cheaper “current value” policy, then you need to estimate the value of each item taking into account what you paid for it, how old it is and its condition. For example, say you had a sofa, which cost you £1500, and you bought it 3 years ago. Let’s say that you think it’ll last another 7 years so it’s still got 70% of its life remaining. That means that it should be included in the valuation at 70% of £1500- in other words £1050.

We know it’s a long job but in the end it’s the best way. If you do have a claim your records will be invaluable in substantiating your claim.

Frequently Asked Questions related to the above topic.
Click below if you wish tread them: -