What Sum Insured Guide
Your Policy will cover the full cost of repair or replacement if your Building or Contents are damaged or destroyed regardless of their age or original purchase price.
This section will help you work out how much to insure both your Buildings and Contents. If you need any further advice or assistance, please contact the office who will be pleased to help. Once you have decided on your sums insured, you should still check your sums insured yourself from time to time – particularly if you improve your home or acquire new possessions.
The Contents Of Your Home
How much should I insure for?
The full replacement cost of the contents of your home.
How to work out full replacement costs?
Short of a full professional valuation, the best way is to go through each room in turn, adding up the likely replacement cost of each item. Note down your estimate in the checklist below.
Many things – family and house size, special possessions etc, affect the total value of your Home Contents, and no two households are the same.
What about jewellery and other personal possessions?
Items of value for which cover is required outside your home and for travel/holiday purposes should be insured under the Contents - All Risks Section of the Policy. Items of ‘minor’ worth are insured as Unspecified Jewellery, Clothing, Baggage and Personal Effects up to a value of £2,500.00 per item automatically.
Items of higher worth must be specified individually and we may require a professional valuation or purchase receipt for these items. This helps to avoid problems if items are lost or stolen.
By using the room-by room check list below, calculate the true value of the of the contents of your home.