A recent survey has shown that most households would choose to save treasured family artefacts – such as photos and sentimental objects – rather than valuable objects such as electrical goods and jewellery in an emergency.
However, younger generations (18-24) said in the same survey that their laptop computer was their most treasured possession and the item that they would first save in an emergency.
Contents insurance is one way that you can ensure that your replaceable valued items – such as stereo systems, computers, televisions and jewellery – are covered in the unfortunate event of an accident.
Because of the unpredictable nature of events such as fires, floods and major storms, ensuring you have the right home and contents insurance should be a matter of priority for peace of mind.
Review your insurance policy each year and make sure you have an updated estimate of the value of your contents, or if you have completed any renovations which may increase the cost of rebuilding your home. One easy way to calculate your contents value is to think of items room by room for your home and contents insurance policy.
While the survey results show how important our family heirlooms and sentimental objects are to us, one way we can ensure that replaceable valuables are covered is home and contents insurance.
Survey Source: Yahoo Finance.
