All content below is purely for informational use and does not in any way constitute any form of advice on how best to manage your insurance. You should always seek advice from the correct channels. All content is for guidance only. Pack App takes no responsibility for your home insurance and it does not provide insurance or advice on such.
A GUIDE TO CONTENTS INSURANCE
What is contents insurance?
Contents insurance covers the cost of replacing your belongings in your home if they are damaged, destroyed or stolen.
How it works
As a general rule, your ‘contents’ are the items you would take with if you moved home.
These include but are not limited to:
Types of insurance
There are three main types of contents insurance policy: bedroom-rated, sum-insured and unlimited sum-insured.
A bedroom-rated policy uses the number of bedrooms in your home to calculate the amount of contents cover you get.
A sum-insured policy requires you to calculate the amount of contents cover you need.
An unlimited sum-insured policy covers all your contents without any limit so you don’t have to worry about being underinsured.
For all types of home insurance, if you need to make a claim, your provider will settle this on either a ‘new-for-old’ or ‘indemnity’ basis.
New-for-old cover means your home insurer will pay for a new product of equivalent value if your insured item is damaged or stolen.
Indemnity cover takes into account wear and tear on the items you claim for, which reduces the payout you’ll get. For example, while it may cost £800 to replace your sofa, you may only get £150 if it’s ten years old with rips and stains.
Understanding the importance of the right contents cover
This will increase your chances of finding a competitive deal for your contents insurance.
Get the right level of cover
Be as accurate as possible when valuing your contents. You don’t want to under or over-insure your belongings.
Read the terms of your policy
Once you’ve found a policy, read the terms and conditions carefully to reduce the chances of being caught out if you ever have to make a claim.
Keep your contents organised and concisely collated, that way you can be sure you have the right information should you ever need to make a claim
We got you
Dont’ worry. When you download and register a license with Pack App you’re at the start of a journey that leads to you understanding the level of cover you need for your home contents, making sure that you’re covered at all times.
All content above is purely for informational use and does not in any way constitute any form of advice on how best to manage your insurance. You should always seek advice from the correct channels. All content is for guidance only. Pack App takes no responsibility for your home insurance and it does not provide insurance or advice on such.