Whether you’re browsing insurance quotes online, dealing telephonically or even in person with an insurer, choosing the right policy for your home contents insurance can be difficult. Before any home contents insurance quote can be finalised, it’s essential that you ensure it provides the level of cover you need. Here are four ways to make sure you’re getting the right policy for your individual requirements:
1. Perform a thorough evaluation of your home contents
When choosing your policy, you will need to estimate the value of the items in your home, and anything less than a detailed and comprehensive appraisal of your assets may cause you to pay premiums that are unnecessarily high, or leave you underinsured.
Of course, not every stick of furniture needs to make it into the appraisal, but be as thorough as possible when listing your assets and considering both their approximate value, and the amount they would cost to replace.
2. Make sure you understand the limitations of your policy
Be a savvy consumer – read the details of the insurance policy before you sign on the dotted line. Don’t go on what your agent is telling you – all that matters is what is in black and white on the contract.
3. Be wary of discount insurers
As the old saying goes, if it seems too good to be true, it probably is. The low-cost insurance policies you see advertised by some providers means that not only is it possible you will receive less cover than you would get from other insurers, you may also sacrifice good customer service and on-time claims payments.
Your insurance policy will likely be in place for a long time, so ensure you go with a provider with a good reputation and an insurance policy that really meets your needs.
4. Do your homework on special items
Jewellery, antiques and collectables, and other unusual valuable assets will benefit from being appraised separately by an expert, and you should ensure that your chosen insurance policy will cover these items. If the policy doesn’t include your special items, ask your agent if arrangements can be made for it to be insured separately.
There are many options to choose from when it comes to finding the right policy to cover the contents of your home. Make sure you understand exactly how much cover you need, and the positive and negative points of the insurance quotes from various providers, to prevent being left high-and-dry if tragedy strikes.