Hi,
I have looked for this on previous threads but cant find the exact match. I'm a bit embarrassed having to ask the following but think i was in a daze when we were buying our house.
We took out home insurance when we bought our house. House cost €380k and i notice the premises insured value is 178,500 which covers accident damage. The contents is 31,500 which does not include accidental damage.
Having a very short-term memory, I cant remember:
1. Where the premises insured value came from? Was that from our mortgage providers valuation?
2. Should we have contents insured for accidental damage? I assume we should to cover fire or flood?
thanks,
I have looked for this on previous threads but cant find the exact match. I'm a bit embarrassed having to ask the following but think i was in a daze when we were buying our house.
We took out home insurance when we bought our house. House cost €380k and i notice the premises insured value is 178,500 which covers accident damage. The contents is 31,500 which does not include accidental damage.
Having a very short-term memory, I cant remember:
1. Where the premises insured value came from? Was that from our mortgage providers valuation?
2. Should we have contents insured for accidental damage? I assume we should to cover fire or flood?
thanks,