Quizzes & Puzzles4 mins ago
Contents Insurance
I pay £168 per year,basic policy,no accidental damage etc .am I paying to much.
Answers
Best Answer
No best answer has yet been selected by hope19. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.if you live in a place like this http://www.abc.net.au...3/r346606_1583090.jpg yes I'd say you are
here http://irelandposters...lin_mansion_house.jpg probably a bargain
here http://irelandposters...lin_mansion_house.jpg probably a bargain
£12000 valuation seems low for contents. When you add up all carpets, furniture, equipment, washers, microwave, crockery, jewellery, clothers, CDs, laptops etc most households need at least £30000 of cover.
If your cover is for £15000 say and your contents are worth £30000 then the insurer is entitled to pay only 50% of any claim. Even if you claim for only £1000 they will only pay £500
If your cover is for £15000 say and your contents are worth £30000 then the insurer is entitled to pay only 50% of any claim. Even if you claim for only £1000 they will only pay £500
It all depends on things like the following -
- Your claims history
- Your Postcode
- Whats included in your cover - e.g extended accidental damage , cover for personal possesions away from home , cover for individual item over a certain value etc etc
Without knowing these details , it's impossible to say if it is likely your'e paying too much
- Your claims history
- Your Postcode
- Whats included in your cover - e.g extended accidental damage , cover for personal possesions away from home , cover for individual item over a certain value etc etc
Without knowing these details , it's impossible to say if it is likely your'e paying too much
You've not stated, Hope19, where you're living. The same policy in, say, certain areas of Liverpool or South London can cost as much as 4 or 5 times what it does in some other areas of the country.
However, as others have indirectly indicated, a visit to one (or preferably several) of the price comparison websites might well see you finding a lower premium.
Chris
However, as others have indirectly indicated, a visit to one (or preferably several) of the price comparison websites might well see you finding a lower premium.
Chris