Building and Contents Insurance

What is the “sum insured” for contents insurance? 

The “sum insured” refers to the maximum amount of coverage provided for your contents insurance. It represents the total value of your belongings that can be claimed in the event of loss or damage. It’s essential to ensure that your sum insured accurately reflects the value of your possessions to avoid being underinsured in case of a claim.

Are high-value items, such as jewellery or artwork, covered by contents insurance?

  Most standard contents insurance policies have limits on coverage for high-value items. If you own valuable items, it’s advisable to specify them separately or consider additional coverage options. This may involve listing these items individually on your policy or purchasing a separate policy, such as high-value item insurance or fine art insurance, to ensure adequate protection.

What should I do if I need to make a claim? 

If you need to make a claim, you should contact your insurance provider as soon as possible. They will guide you through the claims process, which typically involves completing a claim form, providing supporting documentation (such as photographs or receipts), and cooperating with any investigations required. It’s important to familiarize yourself with the specific claims process outlined in your policy.

Can I cancel or change my building and contents insurance policy? 

Yes, you can usually cancel or make changes to your building and contents insurance policy. However, the terms and conditions vary depending on your insurer and policy. If you want to make changes, such as amending coverage levels or cancelling the policy, you should contact your insurance provider directly to discuss