If there’s a fire, a flood, an explosion or another unpredictable disaster, your home contents could be destroyed or badly damaged. Home contents insurance protects your finances against the cost of loss and damage in all sorts of circumstances.
What’s covered?
If the contents of your home are damaged or destroyed , and it’s covered, the policy will pay to replace your possessions, usually on a ‘new for old’ basis. A good quality home contents policy protects your belongings against loss and damage from:
- Fire
- Smoke
- Explosion
- Lightning
- Earthquakes
- Storms and floods
- Malicious acts or vandalism
- Theft and attempted theft
- The escape of water
- Oil leaks
- Falling trees
- Accidental damage to computers, TVs and stereos
- Accidental damage to business equipment like computers and photocopiers
- Accidental breaking of mirrors and the glass in furniture
- Your legal liability in the home for injury to others or damage to their property
- Your legal liabilities as an individual anywhere in the world
- Your legal liability as an employer of domestic staff at home
- High-risk belongings like jewellery
- Alternative accommodation costs if you have to move out temporarily
- The contents of your garden
- Replacement locks and keys to external doors if yours are stolen
- Personal money in your home
- Credit card fraud
- The contents of your freezer
- The loss of metered water
- For an additional premium, you can usually also add accidental damage to your policy, covering you for accidents that damage your belongings in the home
- For an extra premium you can usually add cover for personal possessions like watches, cameras and jewellery when outside the home