Home Profile Mortgages Protection Contact Reviews
Mortgage Brokers In Harrow
 

Contents Insurance


Spread over time, the outlay for filling your home with furnishings, trinkets, the latest gadgets and gizmos may appear manageable. But if you had to replace every item in one hit, what would the cost be to you? Walk around each room, including your loft, garage, cellar and shed and do a rough calculation. Add in clothes, DVDs, CDs, electrical items, not to mention jewellery, antiques and furniture, and you’re probably talking many thousands of pounds

Contents insurance is a cost efficient way to restore some degree of normality if your house burnt down tomorrow, was broken into and items stolen or vandalised, or flash floods washed away your prized possessions.

Think current value, not what you paid

If, like most people, you simply renew your contents insurance annually, you could be in for a shock. The price you paid three years ago for a flat screen TV, or to re-decorate a bedroom, could have jumped significantly in real cost. Your sum-insured today, needs to reflect the current cost of replacing all your items.

Even more important, luxury goods or high value items purchased as maybe a future investment should be listed separately. We would advise obtaining professional valuations of rare antiques, including furniture, or works of art, every two to three years. 

Types of contents insurance

There are two main types of contents policies available, which affect how claims are processed:

‘New for Old’

Most insurers today provide ‘new for old’ replacement cover, which means providing your items were well maintained, they will replace your loss with a brand new item. Clothing and linen that was over five years old may incur wear and tear deductions. With standard items, insurers can arrange replacement deliveries through their network of suppliers within days. Some insurers provide the option to upgrade specific items. You simply pay the difference in value.

Indemnity ‘wear-and-tear’ policies

The cheaper option of the two is the indemnity policy. Premiums tend to be lower as insurance companies take into account the amount of wear and tear when paying your claim. So, if your five year old three piece suite was ruined by leaking water, the pay-out would reflect the age of the suite.

What are you covered against?

Contents insurance will generally cover the same situations and incidents featured on our Buildings Insurance page. Extra features or add-on extras may include:

Lock replacements if your keys are stolen.
Automatic increases in cover around Christmas or wedding gifts.
Accidental damage or loss of items that you frequently take out of the home, ect cameras or sporting equipment.
Student cover for household items and personal effects.
Liability cover if you accidentally injure or cause damage to another property.

Discounts may be available if you:

Fall within a specific age group
Have security fittings at every point of entry
Have a claims free history
Combine your contents and buildings insurance

Things to watch out for:

If you work from home, your contents insurance may cover some losses, but limits could be applied. It is worth checking whether you need individual insurance or if your provider can extend cover.

If you are letting or sub-letting your property, remember to tell your insurer. Failing to do so could result in your policy being cancelled. Typically, insurers won’t pay out a theft claim unless there’s evidence of forced entry.


 
Mortgage Brokers In Harrow
 
Contact Annis Financial
Contact Annis Financial
Do you require expert mortgage advice?
Call us today on 020 8861 0719 
Email. annisfinancial@aol.com
We are always happy to help and assist you... 

Mortgage Brokers | Mortgage Advisors | First Time Buyer Mortgages | Remortgages | Buy To Let Mortgages | Home Mover Mortgages | Mortgages | Building Insurance | Business Protection
Contents Insurance | Repayment Mortgages | Interest Only Mortgages | Offset Mortgages In Eastcote, Edgware, Harrow, Northwood, Pinner, Rayners Lanes, Ruislip, Stanmore, Wembley

YOUR HOME OR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

For residential mortgages we typically charge a fee of £395, the fee will be agreed with you before we commence any work

For Buy to Let mortgages we typically charge a fee of £495. For commercial mortgages we typically charge a fee of 0.5% to 1% of the mortgage and this will be confirmed to you at the outset, for example on a mortgage of £100,000 a 0.5% fee equates to £500 and a 1% fee equates to £1,000

The Financial Conduct Authority does not regulate conveyancing and some aspects of buy to let mortgages.

Annis Financial Management Ltd is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register No. 300242 at *www.fsa.gov.uk/register/home.do
Annis Financial Management Ltd is a credit broker and not a lender

Annis Financial Management Ltd registered in England & Wales No. 5018735. registered address 116 Elm Drive, Harrow, HA2 7BZ The Guidance and/or advice contained within the website is subject to the UK regulatory regime and is therefore primarily targeted at customers in the UK.

Where you have a complaint or dispute with us and we are unable to resolve it to your satisfaction then you may have access to the Financial Ombudsman Service. Please see the following  link for further details *http://financial-ombudsman.org.uk

*You are leaving the web site of Mortgage Advisers in Harrow and about to view the content of an external website, Annis Financial Management cannot be held responsible for the content of external web sites.


Call us today on 020 8861 0719
Email. annisfinancial@aol.com

Annis Financial Management Ltd
116 Elm Drive Harrow, London HA2 7BZ
Phone: 020 8861 0719
facebook-twitter
Links | Terms & Conditions | Client Recommendations | News
Website Design by Net Directory Ltd 2013

Home Profile Mortgages Protection Business Protection Buildings Insurance Contents Insurance Contact Reviews