Everything you need to know about household contents insurance: meaning, benefits, sum insured and protection

Everything you need to know about household contents insurance: meaning, benefits, sum insured and protection

According to a report from www.ndr.de, there are many important aspects when deciding whether household contents insurance is necessary and how high the insured sum should be. The consumer advice center recommends choosing the insurance sum based on the actual value of the household contents. A minimum insurance sum of an average of 650 euros per square meter is recommended in order to be adequately covered in the event of damage. Household contents insurance covers damage in the event of burglary, theft, fire, storms, pipe water damage and also offers protection against natural hazards. When deciding whether insurance is necessary, individual household contents and any additional protection against bicycle theft should be taken into account.

The insurance only pays in the event of a violent break-in, but not in the case of trick theft or if burglars get into the house through tilted or open windows. Owners and tenants should also inform the insurance company if they are away for a long time or if scaffolding is erected on the house in order to be adequately protected in the event of a break-in. In addition, in the event of damage, those affected should inform their insurer immediately and report the theft to the police. A list of important and valuable items with purchase price and date as well as purchase receipts and product descriptions should be kept in order to have proof of insurance in the event of damage.

The individual risk and value of your own household contents should be taken into account when deciding whether or not to take out household contents insurance in order to be adequately covered in the event of damage.

Source:According to a report from www.ndr.de,