Need to get Contents insurance - how exactly does it all work? HELP!! - HotUKDeals
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Need to get Contents insurance - how exactly does it all work? HELP!!

Susie89 Avatar
8y, 2m agoPosted 8 years, 2 months ago
hello all :)

i am a new poster here but have been watching for a while so bare with me if possible! i am about to move into my first place place ( rented shared accomodation ) and want to protect my belongings should the worst happen. i am looking to buy household contents insurance but dont know where to start or exactly how it works............

first off what is the best deal around right now?? i have a quidco account & have heard lots of insurance companies do cashback & its even possible to profit from 1 of them?? ( more cashback than money-out?! )

i have a laptop, tv, monitor, camera, nintendo ds, etcetc which are the main things i want to protect.

now when it comes to filling in the form for all of my items...how and when will i need to prove what i own? if it came to making a claim will i need photo evidence of the item as a backup?? i dont have receipts for a lot of my stuff, they've either been lost over time or ive bought them online and had the receipt in email form.

is it easy to add new items i want to insure onto my insured items list as i buy them??

k I think thats all :) much thanks for any help you can give mel!!!
Susie89 Avatar
8y, 2m agoPosted 8 years, 2 months ago
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#1
This might help: http://forums.moneysavingexpert.com/showthread.html?t=978647

Though I'm looking to take out a contents policy myself so will keep my eye on this thread and read that link in full too.
1 Like #2
[COLOR="Purple"]You usually insure your contents for a total sum - you only have to list things that are of high value. Try one of the comparison sites like confused or moneysupermarket and then ring up one or two of the ones that come out cheapest. If you explain you've never had insurance before I'm sure they'll be very helpful. If your stuff is stolen you don't have to have receipts, I've known insurance companies accept the boxes, serial numbers or photos as proof. Insurance policies for contents can be new for old and with some you get a lesser amount because of depreciation. Good luck![/COLOR]
1 Like #3
Most policies now days are on a "new for old" basis. This means that you need to insure for the cost to replace them if anything happened not the current actual value. If you don't do this, you will face big problems if you need to make a claim (they will reduce the amount they pay you)
Lots of insurance companies offer bedroom rated policies. These give you a blanket cover of say £40,000 and charge the price on the number of bedrooms you have. This is useful if you don't know how much to insure for in the first place and also if you intend to increase your belongings (as you don't need to keep adding new items and possibly paying each time providing you stay within the limits)
Whilst a lot of the comparison sites are good, I would suggest using them only as a guideline and with contents insurance, you really should speak to someone on the phone to discuss your requirements in depth (especially as this is the first time you have done it)
There are lots of different "extras" you can take
A local insurance broker would help.
I would give you my office number but I can't self promote! lol
banned#4
Try Asda, found they were the cheapest for me, and £68 quidco (I think)
1 Like #5
Just a couple of points to remember. it's home contents insurance you are taking out so unless you insure your items otherwise things like your camera wont be covered if you lose or break them outside your home.. and also if you go through price comparison websites you wont get the quidco as the comparison site will take the money not quidco and comparison sites don't pass the money on to you.. it's how they make their money.. so if you want to claim the quidco cash do the shopping around yourself
#6
@OP, I have been doing some looking around today and found that LV (Liverpool Victoria) and The Co-operative insurance have given me the best deals. I assume you're a first time insurer too judging from your post.

For basic contents insurance:

LV quoted around £63 with £50 excess, with £60 cashback via Quidco. Totalling a couple of quid anually. Insures up to £15,000 in items kept in the house.

Co-op quoted around £65, £100 excess and £50 Quidco. Totals a bit more than LV.

You can profit via Quidco with LV but you need to knock your excess up to £250+.

If anyone else has any others they'd recommend I do a quote through please do tell! This is for a rented property so the likes of Asda won't work for me as I'm not the home owner, and Tesco etc won't work as it's not just "me and my immediate family" occupying the house.

I now need to decide whether 'away from home' insurance is in my interest what with my laptops et al almost always travelling with me. It looks to be around £40 extra per year which would be split between me and my partner. I assume this'd cover bags being stolen on public transport, muggings and so on... (can anyone confirm?)

Good luck!
#7
TGB

I now need to decide whether 'away from home' insurance is in my interest what with my laptops et al almost always travelling with me. It looks to be around £40 extra per year which would be split between me and my partner. I assume this'd cover bags being stolen on public transport, muggings and so on... (can anyone confirm?)

Good luck!


You would need to add "Personal Possessions" to your home contents insurance, this would cover things like cash, credit cards, mobile phones and laptops etc. however there would probably be some small print that would say you have to take reasonable care of the items while you are out so they may argue the point if you leave your laptop on a bus and If you are mugged they would want to see the police report
#8
Thanks for the info Captain Hook...

Here is a screenshot of LV's quote breakdown. This totals £127.88 with £50 excess.

£15,000 contents insurance @ £66.24
Legal Cover @ £18.90
£2,500 of personal possessions away from home cover @ £42.74

http://img224.imageshack.us/img224/9245/lvquotebreakdownta7.th.jpghttp://img224.imageshack.us/images/thpix.gif

Is it worth paying the £18 for legal cover or worth going elsewhere if/when that was ever necessary? I think the £42 for away from home cover is worth it what with me always having gadgets on me.

Does this seem like a good deal? :)

Also 1 last Q - what's the best way of proving that you owned an item should I ever have to claim for it OTHER than receipt? I was told photos are a good idea - is there anything I should do to cover myself should I ever have to claim for a shiney new gadget?!!

Many thanks!
#9
TGB


This totals £127.88 with £50 excess.

£15,000 contents insurance @ £66.24
Legal Cover @ £18.90
£2,500 of personal possessions away from home cover @ £42.74



Is it worth paying the £18 for legal cover or worth going elsewhere if/when that was ever necessary? I think the £42 for away from home cover is worth it what with me always having gadgets on me.

Does this seem like a good deal? :)

Also 1 last Q - what's the best way of proving that you owned an item should I ever have to claim for it OTHER than receipt? I was told photos are a good idea - is there anything I should do to cover myself should I ever have to claim for a shiney new gadget?!!

Many thanks!


Hi TGB,

I just tried Tesco for the same cover as you .. Thats £15000 contents and £2500 personal possessions.. the only thing I couldn't get was the £50 excess, they would only quote for £100 excess but I got a price of £39.90 for everything, under half of what you were quoted so it's worth shopping around, of course the price also takes into account of where you live.. but shop around and try a different excess. I didn't add in the legal cover, for car insurance it has a certain value.. getting back your excess from the 3rd party for example (i never take it though) but for home insurance I would have to say it has no value at all.. there is nothing there that you couldn't get done by one of those "no win no fee" deals advertised everywhere.
As for your other question photos are a great idea, or put jewelry onto your scanner and scan them into your computer .. try and get the serial number and model number in the picture of all your shiney gadgets.. good luck
1 Like #10
Thanks Captain Hook.. I can't go for Tesco as one of their assumptions is "Only you and your family are living at the property". This isn't true as it's me, my partner and now 2 sharers so if something was to happen this could well invalidate my policy.

If I knock the £20 legal cover from LV's quote the years total will come to £47.88 after Quidco (£60) with £50 excess.

Cheers for the tip on not needing legal cover, £20 saved there.

:thumbsup:
#11
:w00t:

lol i wasnt expecting so much help....thanks a million all

the Lv deal seems like a good 1....i think im in the same boat as u TGB,this is my 1st years insurance & im in a shared place so dont have as many to choose from like tesco & asda.....

....after quidco i'd be paying about £50 for this year with Lv.

has any1 managed to take out a better policy for a rented place that covers your belongings outside the house too?? i will sign up with Lv tonight if not.

thanks to u all...ive worked out how to add to your hukd reputation so will rep u all for your help :-D
#12
You're welcome!

I am going to sign a policy with LV too unless anyone recommends something else tonight. I've done various quotes and this one is the cheapest I've found for what I need (insurance for contents in a semi-detached house & while I'm away from home)

At just under £50 for the year (and this is our first) it seems reasonable, we'll be splitting the cost in 2.

I'm just afraid I'm getting screwed by some small print somewhere as I'm very new to the whole 'being independant and insuring stuff in your own home' game (read: ignorant ;) ). If my gadgetry is covered from fire / a break in in my home and when I'm out and about, I'm happy.
banned#13
Hi Susie, welcome to the forum :thumbsup:

For us, we find Egg usually work out the cheapest for contents
#14
From Egg:

In most cases we can give you a quote if:

The home you wish to insure is occupied solely by you and members of your family.


Gotta scratch 'em off the list!
#15
@Susie - I signed up with LV tonight and my £60 Quidco tracked within an hour.

You've got 14 days to cancel the policy if something doesn't go right, so worth going for this one IMO.

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