The contents of your home may be more valuable than you think. If you have home contents cover already, take a look through it and check the limits of your cover. You may find there's a limit for valuables that is separate to your limit for contents.
There's also quite likely to be a limit on the amount the insurance company will pay out for any one item. We call this the 'single item limit'. More about this below.
Now, with this information in mind, go through each room, list the contents and give them a value. Take a look at our top tips for valuing your home contents
Pay particular attention to jewellery, artworks and high value tech. Remember to calculate an item's replacement value, not its second-hand value. Most insurance companies provide new for old cover
, so any item that's lost or damaged will be repaired or replaced as new.
Of course, for sentimental valuable items, like family heirlooms and jewellery gifted to you by family or friends, it's not always possible to replace the exact item. In this instance the insurer may offer a cash settlement instead.