Just wanted to add further to Sopdet's post - some sites have lists you can print off and are really thorough so use those!! Once you start listing stuff it is amazing how much you have!
ETA: I just did ours and the estimator says we are under insured by $139,000!!!!!!!!! I knew ours would be a bit under and I doubt it will be that high once I do the actual list for each room but holy moly!!
Last edited by Beach Mama; October 25th, 2011 at 06:44 AM.
I have just arranged new H&C insurance as we have just moved. We have gone with GIO and so far I have been very happy with their premiums, their terms and conditions and there service. I have not made a claim through GIO, so can't comment on the claims process.
I tried using all the calculators but honestly, it was driving me nuts to go through and list every last thing. In the end, I asked the consultant what the average family of 5 insures for contents. She told me the average was about $100K. I have insured our contents for $150K as we have a lot of stuff, including some expensive items. I have insured my jewellery (sp?) on top of that ($70K of jewellery was only an extra $8 or so a month).
Not the most technical method of working out our contents, but I'm comfortable with it!!
Tanstar, $139K is huge! I got numerous quotes and most companies wouldn't even insure us for more than $150K contents unless we had a back to base alarm and bars on the windows. Apparently, more than $120K is a large amount to insure??
Well, went through and did one of the online calculators from QBE, initial estimate came in at something crazy like $300K but then you can go in and adjust stuff manually, so I did - was surprised as it came back at around $150K. So am now working on getting quotes based on that much - think my quotes are coming back cheaper because I don't need to insure the house or any carpets/curtains etc as they aren't ours.
I'm with you on the DVD collection Sopdet - DH and I have 2 massive bookcases that are chock full. Oh and then there's the books as well..
nickle - I know hun!!! When I put our stuff in another one that lists stuff for each room it was more like 20k under what we need! Not sure how they based that on a family of 4 with 2 kids under 5!!! Some of our stuff is pricey - like kitchen stuff, but other stuff is really cheap!!
Wow that is a lot! Our contents are insured for about $65k I think. Grab a super amart catalogue and a retravision catalogue and add up the cost of the major appliances and furniture, and then double that.
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