What options are available to insure my furniture?
The first and most important advice to anyone buying insurance is to always read the policy carefully, and make sure that the level and type of cover that you have chosen is best suited to your circumstances. It might seem obvious, but it’s surprising how many people fail to do this.
Understanding what is covered under your policy is especially important when you are buying buildings and contents insurance, and insuring your furniture. Accidental damage cover is a case in point. You might be surprised to find, for instance, that a claim on your insurance for a replacement armchair damaged by a pet does not fall under the terms of your policy.
So what should you be looking for when choosing the best accidental damage cover for your furniture and house contents?
Matching sets and suites: many of our furnishings, bathroom suites and domestic fittings like curtains and lamps are part of matching sets, or an overall décor scheme, and if one item is damaged beyond repair it can be difficult to find an exact replacement. It’s easy to overlook the fact that your policy will only cover the replacement of a single item, and therefore find that you have the expense of replacing an entire three-piece suite, or set of dining chairs – or end up with mismatched furniture. So look for accidental damage insurance that will cover the replacement of the full matching set if an exact replacement for the damaged item can’t be found. Allianz Your Cover (www.yourcoverinsurance.co.uk) offer a Matching Sets and Suites option which allows you the flexibility to create a personalised package that suits your home and lifestyle. If a single curtain in your living room is damaged by fire, for instance, and the material for a replacement is no longer available, under the Matching Sets and Suites cover you would be able to claim for the cost of new matching curtains to all your living room windows.
Although damage to bathroom suites is infrequent, the consequences can be expensive. Finding an exact replacement for a cracked ceramic basin that forms part of a suite may be difficult. With Matching Sets and Suite cover you can feel confident that your policy will provide for an entire new suite if a search proves fruitless. Allianz Your Cover also offers the advantage of a partnership with online goods replacement provider Scalepoint, enabling you to research replacements for damaged fittings and furnishings from the comfort of your own home. If you can’t find what you want from their catalogues, then you are still free to decide on a supplier of your choice.
Building and contents insurance that meets your needs: look for policies that offer greater flexibility. Many will not allow for individual circumstances and lifestyles, and offer relatively limited options to extend your cover. If you have pets, for instance, or young children, then you may want to consider configuring your insurance to cover the eventuality of pet damage to furniture, or contents insurance that covers toys. Some companies like Allianz are recognizing the need to provide as much flexibility as possible so that you can tailor your insurance to meet your needs. They will also enable you to change your choice of options as your circumstances change – the family grows up and leaves home, or children go to university and need additional personal effects cover. Configuring personalised cover helps to ensure that you will not be caught out by those unexpected exclusion clauses in your policy in the future.