Today, ‘best deal’ is a word which is most over-rated as well as undermined. Usually people associate it with cheapest price, which is not true. Insurance sector is no different.
So, what does ‘best deal’ actually mean? It means – the best value proposition for the estimated worth. So is the case with getting contents insurance for your much valued home.
Below are listed some points that will help you choose the right contents insurance policy:
- It should cover the loss or damage of particular value items, including but not restricted to jewelry, artwork, digital equipments like digi-cam and computers.
- The value limit of the expensive items might require you to insure them separately.
- Should cover for the money in home against theft or damage
- Whether fridge or freezer are covered for the cost of replacement if the fridge breaks down.
- Should cover the contents within the boundary of your home, even if it is not inside the house walls.
- Should cover theft from the garage or backyard.
- Should cover you from the legal liability imposed upon you for damaging other property
- For tenants, it should cover the loss or damage of any fixtures or fittings by the landlord.
- Should provide accidental cover against loss or damage of the contents in an event of accident.
- Should protect your insured sum, so as to cover for the inflation while replacing new for old.
- Should cover the personal possessions even if they are outside the house.
- Check if it provides any guaranteed repairs to your contents.
- Provides 24×7 helpline in case of emergencies
- Check for the excess amount you would need to pay towards any claim.
Choosing the right contents insurance that provides a right mix of protection for your important and valuable items, needs careful consideration and extensive comparison between various providers.