Staggering cost of replacing home contents - Home insurance - News - Moneyfacts

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Staggering cost of replacing home contents

Staggering cost of replacing home contents

Category: Home insurance

Updated: 27/11/2012
First Published: 08/05/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.
The cost of replacing home contents in the event of a fire or other major disaster has been described as "staggering".

A study carried out by Sainsbury's revealed that replacing all items in the typical British home would require £44,500.

Neil Laird, manager at Sainsbury's Home Insurance, noted that the findings emphasise the importance of having a policy that adequately covers all goods.

He encouraged consumers to compare policies "not only on price, but also on the level of cover they provide", as some do not cater for the likes of soft furnishings and carpets.

"Quality contents cover doesn't have to be expensive and significant savings can be made if householders shop around," said Mr Laird.

The research revealed that the living room generally contains the most expensive goods, with a total value of £10,000, followed by the master bedroom's £5,900 worth.

Sainsbury's recently warned that certain DIY tasks could invalidate insurance policies, urging people to check their cover before carrying out work.

Disclaimer: Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time.

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