It is vital you get this right. There are many thousands of people throughout the UK under insured on contents and buildings. The danger of being under insured is that should you come to make a claim it can have a major impact on the amount you are paid.

Contents Insurance

• A lot of our insurers will automatically cover you at their set levels.
• if you request the contents you require at £15,000 the insurer will rate at this amount but cover you up to £40,000.
• This is a positive move by the insurers to give you a more comprehensive sum insured.

Not all the insurers will do this though, especially under the buildings, so it is still important you investigate for yourself.

• You are insuring the rebuild cost of the property not the market value
• The rebuild cost will need to cover you against the fact that the building has to be demolished, the site cleared and then your property rebuilt.
• You wont have to buy the land again, so as a result the rebuild cost is typically much lower than the market value.

More information on rebuild costs can be found at the following sites

Building Cost Information Service

Association of British Insurers