Contents Insurance - Why Your Request For Compensation Got Rejected

Contents Insurance - Why Your Request For Compensation Got Rejected

By Erika Ayala

Have you damaged or destroyed one of your personal belongings? You tried claiming compensation using your Contents Insurance policy, but they refused to pay you. Wasn't your insurance policy supposed to cover that? The problem is the way your personal items were damaged may not be covered by the policy. I understand what you are going through because I have encountered the same problem before.

There was one incident in which I plugged my television into the wrong socket and it exploded. I tried claiming compensation from my insurance provider, but they refused to pay for a new TV. Imagine, all your hard earned money blown away in an instant. You see, I do know how you feel. This is why I have written this article, to explain to you why your request for compensation got rejected.

The reason is this: Contents Insurance Doesn't Cover Damage Caused By You

That's right! You cannot claim compensation for personal belongings that have been damaged due to an accident or form of negligence on your part. You may have gotten paid for damages caused by natural disasters such as storms or earthquakes - and even from theft...but not damage caused by you!

Here are other kinds of damages this insurance does not cover:

1. Computer Viruses. It is your responsibility as a computer owner to protect your PC against all forms of viruses, spyware, malware, and more.

2. Damage Caused By Pets. Bring pets into your home at your own risk. The insurance company will not pay for damage caused by these animals.

3. Wear And Tear. If your old television conks out on you after five years of good service, don't expect your insurance company to pay for a new one. Save up for one yourself.

Warning: Do get a Contents Insurance policy with a high coverage. You should get one that can cover most if not all of your personal belongings, just in case a big disaster comes.

The Question Is: Do you know all the other secrets to claiming compensation for your valuables? You can check out this website for more information on how to useContents Insurance. Also, this is a very good resource for articles on Renters Insurance Inventory. Article Source: http://EzineArticles.com/?expert=Erika_Ayala Contents Insurance - Why Your Request For Compensation Got Rejected

What Does Contents Insurance Cover

What Does Contents Insurance Cover

By Dale Maxwell

The answer to this question lies with the individual insurance company. The simple answer to the question of contents insurance is that it basically covers everything that is not a fixture of the building. Items such as pipes, fixtures, wardrobes, toilets, tubs, and the like are covered by building insurance.

The things that a family or a business bring with them and take away when them when they leave the building are considered contents, and are covered. A lamp that can be picked up and carried away is covered in a contents insurance policy. A light fixture attached to the ceiling, on the other hand, would be covered by a building insurance policy.

So what does contents insurance cover? Things that are not part of the building, can be carried in and out, and are not left behind when the business or family moves are considered contents. Such items tend to be gathered over time, and become important parts of daily life.

Before getting quotes from insurance companies, go through the building and make a list of everything that should be covered by insurance. Important and expensive things like computers, video game systems, entertainment centers, televisions, software, and DVDs should all be on the list. Any collector items, even if irreplaceable, should also be included.

Furniture like kitchen sets, dining room sets, bedroom sets, antiques, couches, and all related items should be on the list, because their replacement could total a great deal of money. Any artwork, such as paintings, that did not come with the building can also be covered.

This list should be kept in a safe place that is protected from fire. A fireproof safe is a good idea. This list will make it possible to get a good contents insurance quote at the best possible price.

When scanning the building for things that should be insured, remember to think about just what the contents insurance policy will cover, or more importantly, what it will not cover, and discuss any concerns with an insurance representative.

This cover insurance ensures that fire, flood, theft, vandalism, and other catastrophes do not mean financial catastrophe. It allows a quick recovery so life can return to normal as quickly as possible.

If you would like more information on Building and Contents Insurance, please visit our website Building and Contents Insurance Article Source: http://EzineArticles.com/?expert=Dale_Maxwell What Does Contents Insurance Cover

Hidden Values - Contents Insurance

Hidden Values - Contents Insurance

By David H Thomson

The value of everything we keep in our homes creeps up so gradually that we probably barely notice it. New towels for the bathroom, bed linen, clothes, furnishings, even food - they're all items most of us buy over the years. They may be kept at home, but when it comes to home insurance, how accurately does the total sum insured reflect such purchases?

All too often, you might find that the value of your home contents is inching up almost by stealth and the cost of their potential replacement (in the event of a fire, flooding or burglary, for example) remains effectively hidden.

In order to avoid the accumulation of such hidden values, you might wish to consider some of the following factors when arranging your contents insurance:

• The failsafe way of ensuring that you are adequately covered for all the contents, of course, is to conduct a careful room-by-room inventory of every item;
• Some policies offer to cover all of the contents up to a fixed, maximum amount. This might take some of the pain out of your needing to make a very detailed inventory, but it is important to make sure that the value of the whole contents of your home still falls within the limits insured;
• It is worth paying particular attention to the risks covered, since some of these might vary from policy to policy. The major risks, of course, are more or less standard, whatever the policy, and include the loss or damage of your home contents as the result of fire, earthquake, flooding, theft and vandalism;
• As an "all risks" option, it is also possible to insure contents against accidental damage and to cover articles which are normally kept at home, but which you take out with you from time to time (such as laptops and other electronic gadgets, bicycles or even the contents of your wallet or handbag). Once again, however, the list of items covered is likely to vary from insurer to insurer, so it pays dividends to read the policy documents carefully;
• Insurance tends to be about envisaging the worst case scenario. In this case, that means the possible loss or destruction of the whole contents (as the result of a major fire, for example), following which you need to replace every item. That is one reason why it is important to ensure that the total sum insured is enough to do the job. An equally important reason, however, is that even in the event of a relatively minor claim - say for the replacement of just one or two items - the offered settlement takes into account the total sum insured and represents a proportion of it. Under-insurance, therefore, is something to be avoided in practically any situation;
• Typically, most contents insurance policies offer settlement of claims on a genuine replacement basis, at today's prices, whatever their cost when they were originally bought. Cheaper insurance policies are also sometimes available, however, which offer compensation for lost, stolen or damaged items on a "wear and tear" basis - settlement is made after the deduction of a sum representing the depreciation in value of such articles.

Home contents insurance policies typically cover not only the basics, but also a wide variety of standard or optional items that vary from one insurer to another. Whatever the policy you choose, therefore, it is worthwhile checking that the risks covered match your particular needs and circumstances.

David Thomson is Chief Executive of BestDealInsurance a completely independent specialist broker dedicated to providing their clients with the best insurance deal. They offer the full range of home insurance to buy to let cover, ensuring that their clients have the protection they need, without leaving a hole in their pocket. Article Source: http://EzineArticles.com/?expert=David_H_Thomson Hidden Values - Contents Insurance

Household Contents Insurance

Household Contents Insurance

By Julia M Brown

Anyone that is concerned for the items within their home, usually look for some form of protection. This is accomplished by purchasing household contents insurance. This insurance can be purchased in a number of ways and this type of policy is anything but difficult to find.

Some insurance companies deal specifically with household contents and are well trained to help you through the details of the policy you wish to purchase.

Other insurance companies such as those that offer car insurance or life insurance are now starting to offer this form of insurance as a way to bring in more business. As more and more companies offer this type of policy to customers, the list of options to choose from broadens.

Avoid Costly Replacements

When it comes right down to it the cost of replacing items within your home can be a very expensive affair. When you invest in a household contents insurance policy, you will not have to worry about the costly replacement of items such as large flat screen televisions or furniture should be become damaged or stolen.

This type of coverage is not without stipulations of course, so it is important to understand the language detailed within the policy. Some scenarios are not on the list of offered coverage and this is something that you do not wish to find out the hard way.

While a household contents insurance policy could never replace family heirlooms or photos, you will be able to replace most items within your home should something happen to them.

Cheap Rates

One of the best aspects about household contents insurance is that the rates for this plan are quite cheap. Many of the plans today will offer great coverage for mere dollars a day. This is something that you can either pay as is, or you can actually attach this type of plan to the rest of your insurance and make one large complete plan. This would actually make things very simple to keep track of, as you will only have one monthly payment.

You will not have to worry about missing a particular insurance payment and having your policy go void. Having the coverage you need is as simple as easy to manage payments. The rates are great today due to the increase in competition in the field. The more insurance companies that pop up in your area, the more there will be a price war between them. This will translate into great savings for the customers.

For All Your Needs

If you are thinking about purchasing a household contents insurance policy, you will be happy to know that it is not simply the contents within the home that have coverage. Any items within the scope of the property that are listed within the plan will also be covered. This could include lawn equipment such as mowers or tractors, or it could include patio furnishing and recreation gear like swing sets.

This is a great way for you to have the comfort and security. You will have the protection you desire and the cost for this coverage will be next to nothing. This truly is a level of safety that should be available to all.

Julia Brown writes insurance related articles for the Good Insurance Online website at http://www.goodinsuranceonline.com Article Source: http://EzineArticles.com/?expert=Julia_M_Brown Household Contents Insurance