You upgraded your entertainment
A new TV, sound system, or perhaps a gaming console could be additions to your living space. Spending more time at home makes these purchases worth it as they are likely to be used more, but they also need appropriate insurance cover. What you spent or what was spent on you to own these items, must also go into your total contents insurance cover.
You bought new clothes
A handbag might be part of the mix or perhaps some sports equipment too. Unless you manage to get a bargain, clothing and accessories are generally expensive to buy new. All of your goods and garments should be collectively accounted for, within your contents cover. Just think of the total cost of new running shoes, that designer coat, and a new watch alone. It can be very pricey to replace a wardrobe if a flood or fire destroyed it, especially without adequate insurance.
You added to your gadgets and bookshelf
Be it kitchen appliances, a new laptop, or even some cooking books, items like these also need to be considered. They might seem small but when you add everything up, it could cost a lot to replace new, so they should count towards your total contents cover. Some items are likely to leave the house with you, but some won’t require cover as others do. A cookbook will certainly not need cover as a laptop would.
These are just some examples. Thinking about your own home and recent additions or purchases should hopefully inspire a game plan. The new year is a nod to checking in on your cover to ensure your bigger picture is accounted for, always.
Courtesy of MyProperty | Bertus Visser, Chief Executive of Distribution at PSG Insure