Quite honestly, do you need household contents insurance at all?
… you rent or own a property and live in it along with your possessions.
… you do not wish to refinance the furnishings in the event that everything is lost.
… you have other valuable items or furnishings at home.
… you often travel to work on public transport or by bicycle, for example, in which case supplementary insurance cover for theft is an option for you to consider.
… you own very little and your furnishings are of almost no value any more.
… your household is already insured through a household member.
What benefits does household contents insurance provide?
Insures all the movables inside your four walls at reinstatement value. Whether it be water damage, a fire in the home or a break-in – it quickly becomes expensive. In such cases, household contents insurance covers you for the loss incurred.
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a fire destroys your home furnishings
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as a result of a storm, water penetrates your building and damages your property
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due to a burst pipe, liquids or gas leak out and damage your household contents
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your glass items of furniture such as tabletops, glass cabinets or mirrors are damaged
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your home is broken into and items are stolen
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you are threatened and robbed
No small print: when does a household contents insurance policy pay out, and when does it not?
… you suffer damage to or the loss of your household contents as a result of insured events. For example, a fire in the home, a lightning strike or water damage.
… you are broken into and lose your possession or are robbed with the use of force.
… insured water damage causes further damage to occur, such as a build-up of mould or pests.
… you have the supplementary ‘household contents all risks’ cover, for example, and your bicycle or mobile phone is stolen while you are out and about.
… losses arise as a result of unpredictable events such as war, terrorism, internal unrest or nuclear disasters.
… household contents used commercially or professionally are damaged.
… you damage your household contents intentionally.
