Buildings insurance is commonly sold with contents insurance.
Your lender will not insist on your taking out contents insurance, but it is highly recommended. If you ever need to make a claim, you will receive the cost of the replacements for damaged goods from your insurance company. Decide whether you want a new-for-old policy or cash, and assess the value of your possessions to make sure that you are not underinsured or overinsured.
There is no short-cut route to determining the value of your possessions. You will have to take a bit of time going from room to room and assessing what everything is worth.
Most people prefer new-for-old policies, because they get an exact replacement or even an upgraded version of the goods lost. You don't have any of the frustration of having to shop around for the goods you have lost as you do when you receive cash in place of your lost goods.
We can arrange contents insurance for residentials and landlords.
Mortgage Saints Ltd is an appointed representative of Home of Choice Ltd which is authorised and regulated by the Financial Services Authority.
