How to Calculate the Value of your Home Contents?

When you are looking for home insurance, it is important to get the contents of your home insured. The insurance company will be asking the amount of contents coverage you will need. You will have to choose a figure that will cover the contents of your home. But these contents should exclude the fabrics of the property like the walls, roof, and the windows that are covered under the building policy.

As a rule of thumb, your home insurance should cover anything that you would take with you when you move out of your house should be covered. The contents coverage is done to protect your home contents against the damages that may be caused due to burglary or fire.

If you want, you can go through the following tips to calculate the contents of your home for your house insurance:

You will first have to do research and find out the cost of replacing the contents of your home. You will also have to be careful and ensure that you do not overestimate the goods because that would mean that you would have to pay a higher amount of premium. Just as you should not overestimate, you should also not underestimate the value of the contents because then you will not get coverage for the entire contents at home. It is therefore important for you to do the exact calculations so that you neither over-estimate nor under-estimate the value of your home contents.

Calculating the contents in the various rooms for the House Insurance ireland

The living room

This is very important for you to first find out the value of the furniture in your living room. This includes armchairs, sofas, bookcases and also TV stands. You can also include the soft furnishings like the curtains, the carpets, and the blinds. You will also have to add the cost of the various electronic items that include a DVD player, a TV, consoles, computer games, etc. You can also include pictures and lamps.

Dining Room

In the dining room, the furniture includes the chairs and the dining tables, a display cabinet, and the sideboards. You can also add the cost of the cutlery, crockery, and also the curtains, the carpets, and the blinds.

Kitchen

The items that are included here would be the cooker, oven, washing machine, fridge, dishwasher. Here you may also include some blinds and the non-fitted units along with the cost of the pans and the pots. Apart from these, you should also include toasters, microwaves, and kettles. Here you can also include frozen food.

Bedroom

This is the place where heirloom and jewelry are kept. Certain policies have an upper limit as well. This means that if the content value rises above the upper limit, you will have to cover it separately as an additional cost. Apart from these the items that might be included would be computers, printers, TV, iPods, etc. You will also have to include the bedroom furniture that includes the wardrobes, beds, chests of te drawers and soft furnishings including curtains and bed linen.

Bathroom

Here the cost of the bathroom cabinets and the toiletries would be included provided these items are valuable.

Outside home contents

You might also include certain items that remain outside the home. These include garden furniture that can be quite expensive. Here you can also include garden equipment like the garden mower.

When you are getting a Home Insurance Ireland, make sure that you include the values of all the important contents at home.