What is the average contents value in a house

A recent survey by Admiral Home Insurance revealed homeowners and renters across the country could be undervaluing their contents insurance.

Buildings Insurance is essential if you want to protect your home, and often a condition of a mortgage offer. It covers the structure of your home bricks and mortar as well as fittings such as your fitted kitchen and bathroom.

Contents insurance, while not compulsory, is essential if you want to protect everything in the property that you own such as your tech, furniture and clothes. Go from room to room and enter everything into the calculator — the total amount should be enough to cover everything in your home.

As an optional extra, you may wish to consider a bolt-on to cover yourself in the event of accidental damage. These typically include:. It therefore makes sense to insure your contents for their full value.

Failure to disclose things might invalidate your insurance, or you may be hit by averaging. This is dangerous as you could wind up not having enough money to rebuild, repair or replace your items should something happen. The easy to use online Home Building Replacement Cost Calculator will determine the right replacement value of your home by adding up factors such as the features of your home, rooms, bathrooms, fixtures, how it is finished, age, location, construction limitations, and sourcing of materials to match.

This helps to provide the most accurate estimate possible to help you later on. The Home Contents Calculator takes you through each room of your home and estimate the value of items inside. If you have Jewellery, Antiques or other Collections we recommend obtaining replacement costs from a professional valuer. Along with our calculators we will also advise you if you need extra cover for your valuable or portable items.