Contents insurance will cover you for theft, fire and flood damages that may happen in the home; as well as any damages that may occur during a natural disaster. These are circumstances that we never expect to happen, but when they do, it can turn your life upside down. Most contents insurance policies cover these four factors as standard. However, you may be able to add extras for additional fees to include items you take out of the home, such as cameras, laptops and jewellery, and any accidental damage that may occur to household goods.
Most contents insurance will come with an excess waiver. Which means for the first few pounds you claim on, you’re not covered. A standard excess waiver is anywhere between £50-£100, but we recommend always reading the terms and agreements before agreeing to any contracts. Most policies will offer a new for old cover, meaning you will get a full replacement on the items lost, stolen and damaged. However, some plans will only provide you with the amount your appliance is currently worth at the time of purchasing the policy. Your policy can be affected when looking at items that are older as they may also take this into account when looking at pay-out options, and offer you less than you initially paid for the item, due to its old age.
When relating this to your kitchen appliances, a standard policy should have all items in your kitchen covered from the larger white goods, such as washing machine, oven and fridge freezers. To item’s, you may not consider due to them being smaller, like cutlery, kettles and saucepans. Products like this can all be covered if you were ever to experience external damage from means beyond your control. But there may come a time where your appliance stop working due to wear and tear or old age. It’s here you will find you won’t be able to claim on your contents insurance.