Time to treat yourself? Don’t forget your home insurance

We all deserve a treat every now and again. And buying the present to ourselves in question is often half the fun. Perhaps you’ve decided that your living room would benefit from a new three-piece suite or the time’s come to upgrade to a top of the range TV. Why not splash the cash once in a while? With the employment market never having been so competitive and office hours never so long, we’re all working harder for our money than ever before. Although it’s easy to get carried away, it’s also important to remember the boring stuff, such as adding your little treat to your home insurance.

We’re a total nation of spendaholics in Britain – millions is spend each and every day up and down the land. But once you’ve opened the box and got out your new hi-fi or laptop and everything’s up and running, it’s essential that you step back and think about exactly how much you’ve spent. And, more importantly, whether your current home contents insurance would cover the cost of it if you were unfortunate enough to suffer a major problem, such as a fire or a flood. While the value of your home contents can creep up so slowly that you barely notice, you’ll certainly know about it if you have to put a huge claim in and there’s a shortfall. For example, if you have cover for £40,000 but you lose £50,000-worth, then you’ll be in a difficult situation, as the insurance provider won’t cover the shortfall. So will you replace it yourself? Or give up the ghost and accept you’ve lost it?

Doesn’t sound like a great situation to be in, does it? However, it doesn’t need to be this way. It pays to get in the habit of updating your insurance provider every time the value of your contents increases. This doesn’t mean giving them a ring every time you return home with a car full or shopping or you splash out on a new party dress. But a regular review and quick phonecall could end up being a really smart move.

This way, you’ll enjoy using your new technology or flash clothes with the reassurance that they’ll be covered if you’re unfortunate enough to suffer one of the disasters detailed above. We’d all love to be able to gaze into a crystal ball and see fires and floods coming, but this will never be possible. But there is a way to prepare for that awful day by regularly sorting out your home contents insurance – why not get on the phone today?