Houshold insurance

[gtr-gaz]

Our house and contents insurance is due for renewal. Insurance company are saying contents sum is too low! They have enclosed a general check sheet for us based on an average family of 2 adults and 2 children.
(Supposedly researched and calculated by insurance underwriters!!)

Clothes male £15,000
female £20,000
children £8,000

Furniture
soft furnishings/throws/cushions/rugs etc
£30,000

Curtains
Pelmets/blinds £20,000

Household essentials
white goods/kitchen equipment/linen/
duvets/freezer £15,000

Ornaments
mirrors/pictures/frames/lights/lamps £5,000

Childrens effects £8,000

Electrical goods
computers/software/CD's/TV's/Hi-Fi/DVD £6,000

Cutlery, crockery and glass £6,000

Garden equipment £5,000

Books £4,000

Sports equipment £3,000

Garage, attic and outbuildings £2,000

GRAND TOTAL £147,000



I think they must be joking!!!!

[GKP]

15 grand for my clothes?

You can have them all, even the one's I'm wearing now, for 10k!

[CupraR]

6K on electrical goods and yet 43K on clothes!

>> Edited by CupraR on Wednesday 11th January 18:41

[julianhj]

Comedy quote! We itemized everything prior to moving into our new place a couple of months ago and (granted we don't have kids) We came up with a figure of £35,000.

[robinhood21]

I think it's time someone explained to those underwriters that we do not all get those huge bonuses to lavish on furnishes and fittings!

[z4monster]

£20K for curtains. DO they insure Buck House? They have got to be joking! I just switched to someone who gives £60K cover as standard and feel much happier about being correctly insured.

[minimax]

it does seem a bit odd, the usual normal level of contents cover is 25-40k.

which company is it?

[cotty]

gtr-gaz said:

Cutlery, crockery and glass £6,000

Obviously never shopped at Ikea, not that I would reccomend it.

gtr-gaz said:

Books £4,000

Even counting magazines I dont think I come close

gtr-gaz said:

Sports equipment £3,000

Well I have a bycicle £200, sit up bench £25 and some loose weights £30.....so not £3,000 worth

[gtr-gaz]

minimax said:

it does seem a bit odd, the usual normal level of contents cover is 25-40k. which company is it?

RHG (Richard House Group) It's the "General Contents Check Sheet" I'm looking at.
They do say our minimum cover should be £50,000. Not quite sure how the £147,000 comes into it though??

[minimax]

gtr-gaz said:

minimax said: it does seem a bit odd, the usual normal level of contents cover is 25-40k. which company is it? RHG (Richard House Group) It's the "General Contents Check Sheet" I'm looking at. They do say our minimum cover should be £50,000. Not quite sure how the £147,000 comes into it though??

not heard of them to be honest but they sound like a broker.

I can't see why they would suggest contents worth 147k and a cover level of 50k - what would happen if the whole lot went up in flames? very strange

[cirks]

most people do underestimate how much it would cost to replace everything due to a total loss. Things like curtains, carpets, furniture, CDs, clothing etc do add up quite scaringly quickly. However, best bet is, if you feel you don't need massive cover, go for More Than or one of the other firms who give a generous 'minimum' cover (think it's £60k) but at a reasonable premium. As with everything else in life, it's a risk issue. You might decide not to insure something if the premium is more than you want to pay compared with the risk of losing the item through damage or theft etc

[iandbeech]

Only £15k for your clothes Gary - at least one of your shirts I saw last year was "priceless"!

[Zod]

When I told my household insurer last year that £30000 cover was grossly inadequate they tired to argue with me!