Valuables Coverage Under Home Contents Insurance

Valuables Insurance Coverage

You can include your valuables in your home contents insurance policy. However, the coverage is limited, and not all damages are covered. With an additional valuables insurance policy on top of your home contents insurance, you’re guaranteed comprehensive coverage for your expensive items. The coverage provided by valuables insurance varies by insurer. Therefore, always check the terms and conditions of your policy carefully.

Comprehensive coverage

With personal property insurance, you are covered indoors—and usually outdoors as well—against:

• loss
• theft
• damage
• destruction

Please note: In this case , there must be no contributory negligence. A maximum amount also applies.

Maximum Coverage for Valuables

Standard insurance policies, such as home contents insurance, have a maximum coverage limit. For example, coverage for jewelry is limited to €5,000. Do you own expensive watches? If so, standard insurance won’t provide enough coverage.

Valuables insurance offers a high maximum coverage limit. With most insurers, you can adjust this amount to your liking when you purchase the policy. Your premium is determined based on that amount.

Impact of Underinsurance

Underinsurance means that the insured value of an item is lower than its actual value. In that case, the item’s value is only partially covered. Imagine that your household contents are insured for €70,000, but their actual value is €80,000.

If you suffer €10,000 in damage after a kitchen fire, you’ll only be reimbursed €8,750 due to underinsurance, since 12.5% is not covered.

Doubly insured?

Valuables are partially covered by home contents insurance. In the event of damage, such as a fire, there may therefore be a concurrence of insurance policies. The damage is then covered by both your home contents insurance and your valuables insurance. In that situation, the specific insurance takes precedence over the general policy. The damage is therefore reimbursed by your valuables insurance.

Preventive Measures

If you have valuables insurance, the insurer expects you to take steps yourself to prevent damage or theft. This means, for example, that you should store jewelry or other expensive items safely—such as in a certified safe. So don’t just leave your valuables lying around or unattended in public places.

The insurer may also require additional security measures, such as an alarm system in your home. Stick to the agreements and make sure you're well prepared. That way, you'll avoid problems.

Compare Home Contents Insurance

Want to compare home contents insurance policies quickly and easily? Answer a few questions, and the calculation tool will do the rest. You’ll receive an overview of available home contents insurance policies and their corresponding premiums. View and compare the policy coverage amounts right away.

Have you found the right home contents insurance policy? Then take out the policy right away. Be sure to mention any special details, such as a CIS registration. That way, we can submit the application directly to the right insurer.