Increase in Home Entertainment Systems Makes Contents Insurance Vital
Published: 24 September 2010
By MoneyHighStreet Staff Leave a Comment
Updated: 28 March 2012
Home insurance is set to become increasingly important, as people are spending more on their homes than ever before, thanks to expensive home entertainment systems and technology.
The amount of equipment people have in their homes is really extraordinary compared to a few years ago, as most people have top of the range laptops, pricey mobile phones, big plasma TVs, DVD players, iPods and mp3s and games consoles, such as PlayStation, XBOX, Nintendo DS or Wii.
However, despite the increase in the valuable goods which now frequent the majority of homes, most people are underestimating the cumulative cost of the possessions in their homes.
This could cost them dearly in the event of something putting their belongings at risk; as if they are not sufficiently covered then they might end up paying out a lot more than they have claimed for them.
For this reason, Swinton Home Insurance are advising people to make sure they have calculated the cost of their assets properly, saying simply: ‘There is so much expensive technology in the average British home these days that it is extremely important to protect your property adequately, with a high quality contents insurance policy. However, Swinton urges people to make sure that you are insuring it for the correct amount as otherwise you may end up severely out of pocket’.
Some of these home entertainment and technology systems can be hugely expensive; when you begin to rack up the costs of an average 40 inch Plasma TVs at around £800-900 to a laptop at £1500 or a games console about £300, it starts to look very risky indeed to leave it lying around uninsured.
Tailor made insurance policies, such as Swinton’s insurance policies are the best option around, because you can literally fit your policy around your needs. Therefore, you don’t need to be in doubt about whether or not your insurance covers you in the event of a claim, because you will have outlined your requirements from the outset.
There are many reasons why you might need to claim, such as theft, flooding, fire or damage and it is easier than ever before to access home insurance quotes either over the phone or online, so there is no need to be at risk. Just ensure you have tallied up the cost of your belongings first!