Step 1: Review the value of your stuff
When it comes to renewing contents insurance, success is measured in preparation. Ask yourself this: are you covered for the worst? Whip out your content inventory and do a quick spot check to see if any items need a fresh valuation and while adding any new items to the list.
Step 2: Zoom in on the small print
If you've carefully read and processed the small print, you’re onto a winner. The small print helps you make an informed decision and tells you about any extras – such as Personal Possessions and Accidental Damage cover – that are included or missing from your policy, so refer to it at the time of renewal to make sure you have adequate cover for your needs.
Step 3: Keep all your eggs in different baskets
If you have a very valuable item, it may not be covered by your standard contents insurance policy so it’s important to give your insurer a call to find out whether it is and if not, to find out what your options are. If you are insuring an item that’s very rare, unusual and special, give it the VIP treatment it deserves with specified cover.
Step 4: Insure for the right amount
Not got around to creating a contents inventory yet? Then look out for cover that will give you peace of mind that everything will be replaced, including the obscure stuff. Don’t forget the garden furniture, freezer contents. Sports equipment and out-of-house cover!
Step 5: Stay one step ahead of special circumstances
For example, Birthdays and special occasions may see an influx of valuable items in your home. At the other end of the spectrum, you may also be the victim of vandalism, explosions or leaks. Be smart with your contents insurance and make sure special circumstances are covered in your policy.