House, Contents and Car insurance can be interesting, because different insurance companies have different benefits.

For example, Is your car insured for the “Market Value” or an “Agreed Value”. Market value is the 2nd hand value of your car, whereas Agreed Value is a figure the insurance company will pay you (less any excess).

Most companies will cover you for the sum insured or market value, whichever is the lesser. We had a case where the car was insured for $6,000 but the insurance company only wanted to pay out the “market Value” of $4,000. So why would you pay for $6,000 of cover, if potentially, you will only get $4,000 or maybe less? We can get you the best advice, so that you understand.

Contents Cover. You can get market value or “Replacement Cover”. The difference between the 2 is that Replacement Cover will pay out the cost of getting a new item, rather than just giving you a second hand payout.

It’s the same with House Cover, it really is important that you get the best advice so that you can make a decision on what cover best suits your needs. This is why we have our colleagues at Blanket Insurance to help us out here.