So I just wanted to start a discussion about insurance, generally, and how to organise it all so you are getting the best value out of it.

To stimulate discussion, here are some questions:
What sort of insurances do you have?
Why do you think those sorts are worth having?
How have you arranged it so you are getting best value for your insurance dollar?

I'll start:
Health - we have top + extras health cover ever since I had to wait 6+ months of writhing around in pain to get my gallbladder removed. We have it through an industry provider and so we pay a lot less than on the open market, so we haven't traded off parts of it for a cheaper price.

Cars - this is one I'm not really that sure about, probably because we've never had cars that are worth very much. I'm never sure if we're really getting bang for our buck or if we should just go with the one that pays for the other party's expenses. On the other hand, the one time an idiot drove up the tail of our trailer, the insurance company paid our repairs and hunted him down and squeezed the $$ out of him, so maybe we're getting other value from being insured (ie, not just the money, but the lack of hassle).

Contents - we have this but it's a total stab in the dark cos I have no idea what a houseful of stuff is worth. It does have some good (but weird) extra elements like a little payout if you break a bone at home plus we have theft/loss/breakage coverage for some items away from home (eg laptop, phone, DH's bike, cameras, etc).

We own our home so we have building insurance (nb - we are insured for flood) but it doesn't seem to cost a huge amount so well worth it given the high stakes. Also, we have made sure it includes the demolishment costs, etc.