imported_redeYelove

Here's the story. I am currently shopping for a new place to live. I am pretty sure I have found what I want, filled out an application & am now awaiting an answer. One of the requirements for this place is Contents Insurance. I don't have any of that Jazz right now. Can someone please explain to me how it works? Does it involve someone coming over & checking out what you own?

Sorry, kinda lost on this matter. Thanks in advance.

Pe@ce..

durell_banks

Ummm, kind of off-topic... Me thinks they want you to get insurance on your new place perhaps?

shlammed

You're not gonna get a mortgage on a house without house insurance.

Normally they don't come and look at everything you own. You can usually get it setup over the phone.

I did my condo insurance with the same company as my auto insurance and we did everything over the phone. He basically just asked me how much money I'd need if I had lost everything in my house.

Registering expensive products with the manufacturer is a good idea so that you can prove you actually did own the item if something happens (LCD/Plasma TV's, etc.)

DumbasSi

Me too. They just asked the approximate value of the extra stuff I have. My company has a set amount that would cover everything in the house if something happened. I pay a small extra premium to cover expensive items like my wife's rings, my watches and our home electronics.

imported_username

Yes, contents insurance will protect everything inside in case of fire (ask about if it is covered in the case of a flood). Most times the insurance will cover accidents that happen in the house (in case someone tries to sue you)