Contents insurance can beat multiple insurance

Many high street shoppers are now finding that they are over-insured, thanks to insurance companies' propensity to sell insurance for individual items.

Taking out a good quality home contents insurance however, could be all you need to ensure that your possessions are looked after.

For instance, contents insurance will cover your mobile phone should something happen to it, but the number of people that accept insurance from their provider as well is high, even though they will be paying an additional monthly fee and perhaps an excess for the privilege of having two insurance companies.

Mobile phone insurance, for instance, may cost ten pounds per month, plus £50 to claim - totalling £170 in a year; a new phone could be comfortably purchased for half of this cost.

So once again, home contents insurance can offer protection towards such costs associated with paying out for expensive goods, and may even save customers' money in the meantime.

August 27^th 2008

• Bicycle theft figures demonstrate need for home insurance
• Brits giving up on home ownership dream
• Parents unclear on insurance for uni children's possessions
• Students take £6,000 worth of kit to university
• Kids causing £230 million worth of damage per year
• Negligent Britons wide open to identity theft
• Over-50s most prudent in home evacuation situation
• Budgetary factors 'need to be taken into consideration' by students
• Brits suffering from gadget nostalgia
• Insurer warns of summer wedding implications