Some types of insurance are mandatory, like car insurance, while others are just a sensible idea, like home insurance. When it comes to your home, it’s not only a good idea to insure the building itself if you are a homeowner, but also your belongings inside. Here are some types of content insurance worth getting.
General Contents Insurance
Insurance for your belongings will cover you in the event of theft, fire, or other natural disaster and is a good idea if you have anything at home that is likely to cost you a lot to replace like expensive furniture, electronics, and personal items.
Bear in mind that your contents might not always be included with a home insurance policy and you may have to do this separately. It’s important to spend some time calculating the accurate value of your home contents before taking out a policy; if you over- or under-estimate, you could end up losing out if you need to make a claim.
What would you do if your fridge, freezer, washing machine or oven were to break down? Kitchen appliances are necessary, but they do not always come cheap and replacing them can be an expense that you don’t need. If you’ve just purchased a new appliance for your home, appliance insurance is designed to protect your home appliances in the event that they become faulty.
If you own an expensive smartphone, laptop, tablet or television, it might not be included in your general contents insurance plan depending on the policy that you choose. Or, you may be able to get better coverage opting for a separate insurance plan.
Luxury gadgets can be expensive to repair and even costlier to replace – and accidental damage is not always covered by home contents insurance, so you may want to consider taking out a policy that covers you if you or a family member accidentally breaks a gadget at home; it happens.
If you have pets at home it’s definitely worth getting them insured too. Pets are often a vital member of the family and you would be devastated if anything were to happen to them. Vet bills can be extremely expensive if your pet were to injure themselves or develop a serious illness, so make sure that your furry friend has the best chance of recovery with a good insurance policy that will pay out if they need to pay a visit to the vet.
When it comes to protecting the items in your home that you’ve worked hard for – and your beloved pets – choosing the right insurance policies is essential.