Home Contents Cover Should Be Monitored "Throughout Year"

Home insurance is not the most exciting topic of conversation; we would rather be talking about sport or the kids. However, it seems that more of us should be paying more attention to this subject. People should make a continuous effort to keep an eye on the worth of their home contents, according to a home insurance body.

The British Insurance Brokers' Association (BIBA) has commented that there are a number of ways in which valuables can come into the home, such as through marriage or inheritance. BIBA has listed almost 10,000 items property insurance products as things that can be factored into a home cover policy.

Consumers should keep their cover company informed over what they have at home, as firms will consider how much items cost to replace as new rather than their actual worth, the organisation said.

Seasonal factors are important here, for example at Christmas many items with a large ticket price could come into the home, such as laptops, mobile phones, games consoles and even the games for them. Also sale times in the shops are another time when insurance should be reviewed and a new TV of sofa could add to the value of the contents of your home.

We save up all year to buy these presents and it is an awful loss when they are stolen or lost within just a few weeks of ripping off the wrapping paper. It is in everyone’s interest to ensure they are covered for such a potential loss.

"You must review [contents insurance] continually. Quite often, if it's gone up a couple of thousand pounds it won't really affect your premium anyway," remarked a BIBA technical services manager.

It is very important that you do not purchase insurance protection by comparing the price of policies alone.  All policies are different and provide different levels of protection.  Purchasing a cheaper policy can be a false economy, which could leave you without adequate protection.

If you would like to know more about home insurance why not ask AnswerBank Insurance.