What are some items that might require additional insurance?
The dollar limits to some items can be relatively small eg. cash. Coverage limits may apply also for certain types of items eg: bicycles, jewellery, watches, computer, mobiles, coin, stamp and card collections. Often these limits can be increased at minimal cost. You should also consider whether you need you contents covered outside of your home. Some policies give you a small amount of cover for certain items outside the home as apart of a standard policy. With many policies you buy direct from insurers this type of cover costs extra. 7. What is the Excess? Give me the price of my home insurance coverage with some different Excesses. The higher the Excess (the portion of a claim that you have to pay), the lower the premium. Compare the premium with different excesses, and then decide whether the lower premium is worth the higher amount you would have to pay out of pocket if you had a claim.
