Whether you’re a homeowner or renter, contents insurance cover the cost of replacing or fixing stolen or damaged items in your home. So it’s good to have – especially if you own costly electronics, furniture, bikes and musical instruments.
Make sure you insure your contents for what they're worth. With the right amount of cover, you'll have enough money to replace all your belongings if you lost everything.
Here are five steps to work out the total value of your contents:
Make a list of each room's contents
Calculate the value of individual items
Note down high-value items
Get valuations for jewellery and high-risk items
Add everything up