This entry was posted on Sunday, November 27th, 2011 at 3:21 pm and is filed under Contents Insurance, Home Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Types of Contents Insurance
When comparing cheap contents insurance quotes, policies are divided into two main types: wear and tear, and new for old.
Wear and Tear Contents Insurance
Policy Expert contents insurance quotes tend to be of the wear and tear variety. Wear and tear policies reduce the value of the contents of your home according to the age and condition of the item. Therefore, if an older item is lost, stolen or destroyed, it may be replaced by one of lesser value.
New for old Contents Insurance
Getting contents insurance on a new for old basis means that however old an item is, it will be replaced with a new, comparable item. This means that a new for old contents insurance quote tends to be a little bit more expensive than one that is provided on a wear and tear basis. However it may be worth the extra expense for the peace of mind that comes with knowing that if your home’s contents are lost or damaged, you will not be forced to accept a cheap substitute.
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