Contents Insurance
Contents insurance is designed to cover those items that you would normally be expected to take with you if you were to move home and would include things like furniture (but not fitted furniture), electrical items, clothes and personal effects.
Cover can be either on an “indemnity” basis or “new for old”.
Indemnity cover means that you would only be paid an amount equivalent to the market value, taking into account wear and tear, of the claimed for item.
“New for old” cover is far superior cover, and is designed to cover the cost of replacing the claimed for item with its nearest new equivalent.
