House Contents Insurance covers personal properties and home belongings against any loss or damages which may arise due to theft, flood, fire or storm.
These possessions include furniture, electronics, clothing, domestic appliances and may even cover cash.
This policy covers properties belonging to the home owner and relatives.
The relatives may include your spouse, children, parents and any other close relatives living in the home.
Most House Contents Insurance Policies pay out a lump sum of money if you or a spouse dies during a fire, theft or disaster in the home.
They could also offer what is called a 'new for old' cover, which means replacing an old item with a new one.
This normally excludes clothing and beddings.
Personal belongings taken out of the home are not usually included in the policy.
When choosing a House Contents Insurance Cover, it is advisable to do a bit of research and find out what each insurance company has to offer.
Find out what are the exceptions and restrictions to the cover including the cost of the policy.
The price normally varies based on factors like age, how expensive your possessions are and the neighbourhood you live in.
it is best to research about discounts and no claims discount when you wish to renew the policy.
Before signing an agreement, it is important to understand the terms of the policy.
If in doubt, you can ring up customer services for clarifications.
When making claims it is important to check if the policy covers the situation before ringing up the insurance company.
If a crime was committed in the building, it is best to report to the police for record purposes.
A few exceptions apply which may include normal wear and tear of properties and breaching the terms of your policy.
In such cases, you might not be able to lay a claim.