When it comes to taking out contents insurance, research conducted by the insurance company ‘More Than’ suggests that Britons routinely undervalue the contents of their homes, which can lead to them being under-insured should disaster strike. Using these tips, you should be able to ensure that your contents insurance adequately reflects the value of your home.

Review Your Home’s Contents Annually

10 per cent of Britons set a value for their home’s contents and then never review it again, with a third believing that their current level of contents insurance quotes will be satisfactory for the rest of their lives. However if you upgrade to a new plasma screen TV or state of the art computer with a quad-core processor, and fail to add it to your contents insurance, you are effectively leaving it uninsured. Make sure that you reassess the contents of your home once a year to reflect any additions to the value.

Don’t Forget the Garage…

Many people add up the value of what’s in their home, but neglect the contents of the garage. This doesn’t refer to a car, which already has an insurance policy, but remember that a garage can be a repository for all sorts of stuff, often so much so that the car ends up being parked outside. A bike, a lawnmower or a workbench can all add value to your home contents; so don’t forget to insure them.

…Or the Garden

Lawn furniture is furniture too. The garden gnomes, the barbecue and that bouncy castle you bought for the kids all count towards the value of your home contents. If you own a copy of Microsoft Excel 2003 or later, you can download an inventory template from Microsoft’s website to help you keep track of your home and all its contents.