Care Financials

Contents Insurance

Contents Insurance Cover

Has it ever occurred to you what you would do if your belongings were to get stolen or eradicated by a hazard that was not in your power? The contents insurance policy is based on safeguarding your belonging in such a crisis through financial compensation. 

This policy comprises all things that are not physically a part of the substantial building. The type of policy that protects the structure of your building is known as building insurance. You can purchase these insurances individually or jointly under the ‘home insurance policy.’ Contents insurance is often dealt with as an option, while building insurance is mandatory with most mortgage deals. 

However, it is always a reasonable opinion to be ready for any crisis, and that is why we illustrate contents insurance as a ‘sensible choice’; whether you are a proprietor of a property or are leasing it out, taking care of your possession should be a top preference for you. For renters, it is essential to remember that a content policy is your responsibility. The owner is not obligated to deliver you with such protection.

At Care Financial Services, we comprehend the significance that some belongings may hold for you. Such as a ring your partner gave you or a laptop you purchased with your first salary. That is why we instruct our clients to purchase a contents insurance cover as we respect the sentimental and even monetary value these occupancies hold for you. So give us a ring today and let us help you shield your belongings in the best conceivable way. 

Benefits of Contents Insurance

We are liable and can provid you with the most open and honest direction possible, along with great deals and possibilities to help you find the most reasonable insurance plan. 

While your landlord must shield your property’s building and structure, it isn’t their job to take accountability for your belongings in case of thievery, fire crisis, or surge. Whether you own a property or are a tenant, you should have a procedure to protect your habitations. If you are leasing a place, your lessor likely has their contents insurance for the things they own within the home, such as furnishings. 

People who are lodgers (who rent out a single room with a live-in proprietor) may find contents insurance more costly as there are more odds of your property being harmed due to people always walking in and out of your property. However, lodgers can also refer to a joint content policy with the people they share a house with to make it more inexpensive. 

Contents insurance comes in three kinds of policies which are written down below: 

‘Bedroom-Rated’- Your insurance cover is estimated by your insurer based on how many bedrooms you have in the building. The compensation for this policy is usually from £40,000 to £50,000 on average. In a standard household, this is often more than enough insurance, but you must know how much insurance you will need. 

‘Sum Insured’-Through this policy, you will compute how much contents cover you will need yourself. 

‘Unlimited Sum Insured’- As its name describes, this policy is insurance without a limit, so you never have to take the strain of being underinsured.

You must know what items your contents insurance will cover. Most policies may differ and may incorporate different types of possession, but the most typical items are

  • Clothing (especially if they are branded) 
  • Furniture 
  • Jewellery 
  • Electronic items

A standard policy will cover deteriorations caused by theft, fire or floods, but you may need to pay additional for your insurance to cover unexpected damages. A second feature to be added to your policy is the ‘personal possession cover.

This characteristic covers all varieties of risks, even for those entities that you may take outside your property, such as

  • Handbags (especially if they are branded) 
  • Cameras 
  • Laptops 
  • Jewellery 
  • Smartphone/ tablets 

A third add-on element is if you damage or lose sight of your belongings while travelling to another country. This add-on is adequate for staying safeguarded but remember that these features may result in you settling with a higher premium. 

As with any other insurance cover, a contents insurance policy also has an index of things that the insurance will not cover, which contain

  • Object wear and tear 
  • Any damages related to the structure of your home for which you will need building insurance. 
  • Kitchen and bathroom fittings and fixtures are stand-alone items, such as ovens or stand mixers that may not be compensated for. 
  • If your computer is sabotaged due to a virus, that will not be covered. 

Many policies have a set limit to how much they will compensate; it can either be a per-item limit, for instance, £1500 for each item, or a comprehensive cover for all your valuable commodities; this means if you own pricey items, such as branded clothing, jewelry or art pieces, then you may have to pay to protect them through your cover. 

Simply put, a contents insurance cover will pay back for anything you can physically move if you were to shift to a new home.

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How Can Care Financial Services Help?

We at Care Financial Services have a unique insight into how some of these articles may be vital for your everyday usages, such as a washing machine or laptop- or it may be that the item is of significant financial value – or it may just hold sentimental importance for you like your late grandmother’s wedding ring that she gave you before she died. 

Keeping all these different elements in mind, our expert financial advisors work effortlessly to guarantee that our clients get the suitable policy, keeping in mind their affordability, number of items and the value of those commodities. So don’t worry because you are in very safe hands. Could you give us a call? Let’s set up a meeting for you to assure the well-being of your belongings in the best possible manner. 

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.


You can get your contents insurance program through the following options:

  • Comparison websites are one of the most convenient ways to cultivate less pricey insurance plans convenient for your circumstances. However, it would be beneficial if you could remember that the cheapest deals may not always be the most promising for you. So it’s good to look at a range of deals before you make your conclusive pick. 
  • Another way to obtain this policy is through a direct insurer. You may not find a vast number of insurers on a comparison site. Some insurers don’t incorporate their names on such sites and must be approached directly. 
  • Good insurance advisors (like Care Financial Services) can also assist you in finding an affordable and custom-based insurance plan that suits you individually, especially if you are facing a difficult situation.

On average, the expenditure of a content policy is around £127 annually, which is approximately £2.40 weekly. To get a quote, you will have to supply your insurer with information about your property and occupancies, which the insurer will use to compute your quote. The insurer will demand details about: 

  • The location of your property and the number of people living there.
  • Previous claims (if any) 
  • The security measures present in your home 
  • The value of all your possessions combined

You will first need to add the total value of all your possessions. You can do this by jointly getting all your valuable items and listing how much each will cost. If you cannot assess the cost of repairing each item, you can look it up online. The insurer may also request a list of possessions that cost more than £1000. Make sure you don’t ‘undervalue’ your life habitations, as this may cause problems when you make a claim. Many insurers propose a ‘single-item limit’; this limits how much they will compensate regardless of the actual impairment. For example, if you have a limit of £1000 and someone was to steel your branded handbag worth £1500, your insurer will only pay £1000 on your claim. 

A landlord contents insurance is a policy used by landlords to rehabilitate or substitute items they own on the property, such as furniture, carpets or even household apparatuses. 

The excess contents insurance is specified as any portion you may have to pay on top of your claim. Usually, a less expensive content policy has a more significant excess rate. 


The content on this page is based on our understanding and knowledge at the time of publication. It may be subject to change and may not be applicable to your circumstances, so should not be relied upon. Please contact us if you require further information about the content included on this page.

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