What is the average contents value

There's no such thing as an average contents insurance cost. The amount you spend on your contents cover will vary depending on the value of your contents, as well as a number of other factors such as where you live and what level of cover you want. The policy extra is usually split into two options — Personal Possessions and Specified Items. As an optional extra, you may wish to consider a bolt-on to cover yourself in the event of accidental damage.

These typically include:. It therefore makes sense to insure your contents for their full value. Similarly contents and personal effects are almost always underestimated in the replacement value. This is dangerous as you could wind up not having enough money to rebuild, repair or replace your items should something happen. The easy to use online Home Building Replacement Cost Calculator will determine the right replacement value of your home by adding up factors such as the features of your home, rooms, bathrooms, fixtures, how it is finished, age, location, construction limitations, and sourcing of materials to match.

This helps to provide the most accurate estimate possible to help you later on. Step by step we can help you cut your spending, develop core saving muscles, and create better habits for the future. Contents insurance — choose the right policy and cover. Buildings insurance — how much cover do you need? All you need to know about home insurance. Five ways to lower your car insurance premium 29 March What do you think?