It’s important that Household Insurance closely matches what homeowners and tenants need to avoid unnecessary losses, which is why many are now tailor made to ensure complete protection of individual possessions and assets. Here is an overview of what you should be considering with your Household Insurance, and where we can help at Schofield.
“Standard” Home Insurance may not be enough
This particularly applies if your assets are in excess of those covered under a “standard” insurance policy. And if you have fine art, antiques, jewellery, heirlooms and/or valuable collections then you will also probably need specialist insurance cover. Visit our Private Clients section to find out more.
What is the right level of Buildings cover?
Assessing rebuilding costs correctly can be a complex process, particularly with an older or listed property, so you need professional advice. To ensure policies provide the correct level of cover for your home we can appoint a valuation expert on your behalf at Schofield to provide a specific assessment.
How should I account for my contents?
Contents also require specialist appraisal, and you should expect to obtain a detailed item by item costing. By taking photographs of individual items you will have a valuable record, should the worst happen. Having this visual record can also speed up the claims process.
To stay protected keep valuations up to date
It is important to note that fine art, antiques and jewellery collections can often outstrip the value of the building in which they are housed.
All valuations require updating regularly, to keep cover in line with market changes, which can move quickly. Birthdays, anniversaries and Christmas also add to the list of possessions.
The right insurance when you need it
Household Insurance can never fully compensate for the loss of a cherished home or valued possession. But it can help reduce the distress, providing the correct level of cover has been secured.
Need more help with Household Insurance? Contact us at Schofield on 0113 250 0377 or click here to contact us online.
