Contents, Contents, Contents!
It’s not just building insurance, although that’s a big thing too. But it’s the contents of Contents And Building Insurance that matters when there an insurance claim or total loss.
Let’s break it down. When you have a building, whether large or small and you get Contents And Building Insurance you’ll notice a trend. The trend is that the contents are usually worth more than the building and are a bigger potion of your policy costs.
When figure out your insurance cost, don’t forget about all the different kinds of contents you likely have. People always under estimate their belongings. Clients are humble and don’t want to brag about their belongings and are usually conservative when they estimate their value. That is of course before there’s a claim. Once the claim has been processed they suddenly being very eager to collect on bigger and better stuff than they had to begin with.
Contents And Building Insurance Advice
- Get Contents And Building Insurance, both!
- Figure out the actual value of your contents – really
- Take photos or video of everything you own
- File receipts for items online – cloud drive or sky drive is amazing!
- Get lots of advice from trained professional and colleagues
After the policy is all said and done, take some time to review it and make sure everything is written up how you expected and agreed upon with the underwriter. It may not be intentional, but some policies do not end up the way they began. It’s good to stay alert and not take the Contents And Building Insurance policy for granted and assume that everything is correct. No one will be offended when you go through it with a fine tooth comb. You should also send it to your attorney for final review. Even your accountant would be a good source of advice. The accountant will have experience with rates and coverage a little bit.