What is covered by contents insurance?
Contents insurance covers all items (belongings) that are not attached to your home. When you move, you can take these items with you. These can be items such as curtains, furniture and jewelry. Also, if you have click-laminate flooring that you can take with you, this is also covered by contents insurance. Is your floor nailed or glued down? Then this floor is not covered by contents insurance. Usually, things around your house (garden furniture) are also covered on contents insurance.
What damages does contents insurance cover?
Contents insurance covers damage from a variety of causes. You will not only receive compensation for damage that cannot be attributed to you. For example, your contents are insured for fire damage, severe weather/storm damage, water damage, damage from burglary/theft and damage from fallen trees/broken branches.
Be careful not to under- or over-insure your contents. If you are underinsured, the amount you are insured for is too low and your insurer will pay out less than the value of your contents. With overinsurance, you insure your contents for a higher amount than the actual value. You will then pay too high a premium for your insurance.
Taking out household contents insurance? Calculate your premium!
In what cases does contents insurance pay out?
Insurers today offer several types of contents insurance. It depends on the insurance chosen, what you will be reimbursed for. Fire insurance only covers damage actually caused by fire. Often you can include other risks in the same package: for example, burglary.
There are several types of contents insurance to mention: comprehensive insurance, extra comprehensive insurance and All-risk insurance. Comprehensive insurance pays for all damages caused by the causes mentioned in paragraph two, such as fire damage and storm damage.
The extra comprehensive insurance provides additional coverage to the comprehensive insurance. This could include damage caused by precipitation entering your home via public roads.
With All-risk insurance, you are insured for virtually all types of damage. The only thing not covered is damage caused by natural disasters (think hurricanes or breached dikes), war damage and nuclear disasters (molest). These things fall outside any coverage because it is not workable for insurers. They would be bankrupted by such a disaster.
In some cases, it is smart to opt for additional insurance. This may be the case, for example, when you want to have valuable works of art insured. Check with your insurer whether they are covered by the contents insurance. It may be that works of art are not covered or are only insured up to a certain amount.
In what cases is contents insurance useful?
If you own a house or your own apartment, it is wise to have contents insurance. Do you not have household contents insurance and unexpected damage occurs to your belongings? Then you will have to pay the costs yourself. This may not be a problem if your vacuum cleaner breaks down. But if you lose your entire household contents, due to fire damage for example, it will be quite expensive.
Taking out home contents insurance? We are here for you!
Never underinsured
Put together your own package
A wide range
We compare all insurers for you, saves time again
Help from our experts
Can't figure it out? Our experts are always ready to help you
We can be reached via chat, WhatsApp, phone or email
Questions? Contact us if you want to know more.
We are here today until 6 p.m.