What To Look For In A Home Contents Insurance Policy
Not all the home insurances are the same, just like the fingers in our hand. Before purchasing a policy cover it is always advisable to look into the companies and what they have to offer.Most of the home contents insurance providers would provide cover for accidental damage and breakage. It is also a plus point to look for insurance companies providing cover for the personal possessions such as clothing, jewelry, watches, mp3 players, cash and credit cards, as it might help when on a holiday.Next is the point to note for the payment when buying the policy. A helpful positive point in insurance companies issuing home contents insurance is the ability to accept the payment from credit or debit cards in one lump sum or by monthly instalmentsCertain home contents insurance providers have policies that blanket and cover both the building and the home content. For this offering they usually ask the customers to specify exact monetary values for the contents or buildings. The re-assessment and checking the current figures on the buildings insurance is good. Adding to this the garage, outbuildings and permanent garden features if added to the policy is a plus. The garden, garage and the outbuildings usually have certain fixtures which will surely need insurance.When buying insurance it is essential to look at the quality of cover as well as price. ost of the insurers will normally work out a quotation based on the number of bedrooms extra, hence the insurable figure includes the demolition costs, clearing and rebuilding at the same site if included would be a plus for the customer.While handling the insurance claim for the home contents insurance, it is important that the customer is not being under-insured. If there is not adequate insurance, the claim will not be fully paid as judged by the insurance company. For example, if the home contents are insured at £20,000 and the company considers a value of £30,000 for the replacement, there would be a shortfall of £10,000, which has to be reimbursed by the customer himself. For example Norwich Union Direct, one of the major insurers, will pay out up to the amount for which the home contents are covered. It's left up to insurer to fund the difference.Also, another point to be noted is the ability to maintain the home contents in good condition. If the insurance company finds the contents to be poorly maintained and there has been a claim for the insurance, they might downsize the home contents insurance payout else might refuse to pay the insured amount. Claim free or claim discounts are one of the attractive strategies that insurance companies follow. Some of them give up to 30 no claim discount while some 50, all this depends on the number of years the home contents insurance has been held by the customer. Hence, when securing a home contents insurance policy, this needs to be discussed with the agent. Insurers handle things in different ways. For an intelligent investment into a home contents insurance policy, the above is necessary to be looked upon. A home is not made of just bricks and cement; it takes a lot to make a home. To secure the home and its contents is a milestone to cross and for that good home contents insurance is a must.
About the Author
David is content writer for Home Contents Insurance and ICS and Breakdown Cover Visit their website at: www.insurance-direct.org/home-contents.htm
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