Additional items to House insurance

B

Berneseduke

Registered User
Messages
19
Hi all,

I want to add additional items to my house insurance. Does anyone have an estimate on the cost? I understand different insurance companies, different rules etc... etc... but just want an idea, as I was surprised at what they were asking

Thanks in advance
 
Depends on the item, something like an expensive diamond ring could be considered high risk, other things not so much!
 
Recently wanted to add a 1k bike (kept inside the house at all times when not in use) to my premium - was going to cost 35 per year just to cover theft from the house. Didn't go for it
 
When I worked in the area up to a few years ago the rates were more or less similar across the main home insurers at:
Unspecified All Risks 2%
Specified All Risks 1.5% (usually excluding hearing aids!)
Bikes 8%
However each insurer has different minimum and maximum sums insured for each category and different definitions of what items can be covered. So the only way to find out is to ask your own insurer, and ask for a breakdown of cost per item or category to get a better idea.
 
so that's like 3.5% for theft form the house only.... ok.. interesting.. not surprised you didnt go for it!
 
so I worked it our and they are charging 1.75% of the cost of the goods.. but I need to check what the terms and conditions are here... whether it is just theft from the house or lost out and about...
 
With that % rate it's All Risks cover, but of course check the terms of the policy. If you are adding items that were previously covered under general contents, you may be able to reduce the contents sum insured. It's also likely that the excess for items covered under All Risks will be lower than the general policy excess.

Regarding covering bikes, if the bike is kept in the house and no cover is required outside, most insurers allow bikes under general contents and there would be no extra charge other than the increase in the Contents sum insured, which would be much lower than adding as a specified item - however check your provider to be sure.
 
€35 to insure a €1000 bike seems good value to me. The bike would be covered against theft and damage anywhere away from the house. Mind you, that probably the premium for a pedal cycle. The electric bikes are a different kettle of fish and many insurers will NOT cover them at all. If it is an electric bike, check the Public Liability section of the policy as well as liability for the use of same might be excluded.
 
The €35 quote by poster Messyleo above was for cover when stolen from the house only, not away from the house.
 
Sea Horse said:
The €35 quote by poster Messyleo above was for cover when stolen from the house only, not away from the house.
Click to expand...
That seems very expensive. I wonder if there could be a misunderstanding. Was the bike being added as an All Risks item. The reason I suggest this, is that insurers do not ask the value of your three piece suite, or your large screen TV, or your super dooper American fridge. All are covered for theft from the house and covered within the global contents sum insured.
 
Specified items in the house have gotten more expensive in my experience also.
33e was sought from me for a musical instrument valued at circa 1,700e.
 
You must log in or register to reply here.
Menu
Log in
Register