Content are included in home insurance
Fri, 02/15/2008 - 19:01 — ralph
Contents insurance covers your possessions inside your home, for example furnishings. Cover in the home insurance policy is provided either on a 'like for like' or a 'new for old' basis. A like for like basis will provide you with monetary compensation equivalent to the value of your insured item just before it was damaged whereas new for old will provide you with monetary compensation which would allow you to replace the damaged item with an equivalent new item. You should read the small print of your home insurance policy carefully to check exactly how you are covered. Do not wait to check it.