Home Contents assurance - Does Your policy Cover Your Furniture?

Insurance - Home Contents assurance - Does Your policy Cover Your Furniture?

Hello everybody. Today, I found out about Insurance - Home Contents assurance - Does Your policy Cover Your Furniture?. Which is very helpful in my opinion therefore you. Home Contents assurance - Does Your policy Cover Your Furniture?

Maybe. You need to have Home Contents assurance to make sure that your furniture and household belongings are covered in case of loss or damage.

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There are two major types of home assurance that you should have to be fully protected if you are a victim of a disaster or property crime.

A original homeowner's policy protects your real property. Real property is your home, garage or carport, sheds and outlying structures. If your home is damaged or destroyed by a covered event, the assurance business will have an adjuster come out to your home and help you file a claim for financial payment based on what he/she deems to be your financial loss. This money can only be used to heal or rebuild your home so that you can continue to live in it so that you can pay your mortgage.

Home contents assurance is a cut off policy that covers your personal property. This includes the contents of your home and personal belongings. Many original homeowners policies contribute personal property coverage for 50% of the amount of assurance you have on your home. If this isn't enough, you can increase your coverage or buy a transfer Cost assurance policy that will cover your items for what they would cost at today's prices.

Sometimes, home contents assurance is also called personal property insurance. For habitancy who are rental tenants and don't own the home they are living in, it can also be called a renter's assurance policy.

If you haven't done a household inventory, then that's the first thing you need to do to make sure that you know what will be covered in a home contents assurance policy. If you have a video camera, you already have what you need to do a walk-through of your home and capture on video the belongings you want to cover in an assurance policy. After you've done a video of your furniture and personal belongings, be sure to look for the original receipts for the more costly items. It's best to store your receipts in a location away from home, possibly in your desk drawer at work or in a safe deposit box. Be sure to let someone else know where you have put it.

Below are some of the items that are covered by a home contents assurance policy. When you think of the items that you own, don't only limit it to furniture. Look at the list below and you will begin to see just how much you would need to replace if you were the victim of a disaster or property crime.

o Carpet, area rugs
o Window coverings and drapes
o Artwork, heirlooms, collectibles, antiques
o Furniture, baby furniture, couches and love seats, tables, dining room sets
o Fine china
o Outdoor furniture, lawn furniture
o Light fixtures
o Sports equipment, bicycles, golf equipment, scuba gear
o Electronic equipment, computers, laptops, ham radio equipment
o Appliances, refrigerator, freezer, stove, microwave
o Jewelry
o Lawn tools, generator, riding lawn mower

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