Contents Insurance

It covers the loss of or damage to the contents of your home, including your furniture, electrical goods and other items within your home. Some policies cover you for items you take outside, for example cameras, jewellery and briefcases. Different policies offer different levels of cover but generally you'll be covered against theft and fire, with the option to insure against accidental damage. It is always vital that you thoroughly read and understand the full policy terms and conditions.

Cover is subject to the maximum amount your insurer says they will pay, and insurers may cap the value of any one item under the general policy — so you'll need to specify individual items such as expensive jewellery or camera equipment. Your cover may also be affected or cancelled if you leave your home empty for a long period of time, or if you let it out. Damage to the building itself is not covered; this needs to be covered separately with buildings insurance.

Many insurers offer discounts if you have a burglar alarm, window locks, or if you're a member of a Neighbourhood Watch scheme — you may also get a deal if you combine contents and buildings insurance. Most policies have a standard excess charge, and a higher excess can mean a cheaper policy. Always compare what's covered, not just the price.

Some contents insurance policies offer new for old, replacing damaged appliances and possessions with new ones when you claim. Bear in mind that your premiums may increase the following year, or the insurance company may refuse to cover you for the same risk if it happens more than twice.

Benefits can include: accidental damage cover, credit card misuse, deeds/registered bonds and personal documents, no claims discount, domestic outbuilding contents, door lock replacement, frozen food, garden, gold/silver/jewellery and furs, money, and seasonal or wedding cover increases.