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Do You Need Contents Insurance?

Make sure there is no compulsory purchase of an associated product such as buildings and contents insurance or mortgage payment protection insurance. Likewise, if you sold anything of value over the last year, and have not informed the insurance company, then you are paying home contents insurance for something you no longer own. Other expenses which can be claimed against tax, include:

A) Utility Bills - such as water rates
B) Advertising Fees - incurred when trying to find appropriate tenants
C) Letting Fees - such as those incurred by the use of a letting agency
D) Insurance - such as buildings insurance, house insurance and contents insurance
E) Maintenance Costs - such as gardening and cleaning costs
F) Repairs - such as general maintenance repairs.

Maybe this would be a good time to check that youre not paying too much for car or contents insurance. If so, then theres a very good chance your home contents insurance premium would be reduced, as the security in your house is a major consideration in assessing your premium (along with the crime rate in your neighbourhood, so you may also want to check and see if this has gone up or down also). Home contents insurance covers almost everything else you would take with you if you moved house.

As such, you need to read your home contents insurance and/or home buildings insurance renewal notices very carefully to make sure that they reflect, as accurately as possible, your life today and not your life of yester-year. You will now need to swap over names on water and electricity bills and get yourself some building and contents insurance. If you have home contents insurance then you are insuring your personal property for the replacement cost of buying the same thing new.

Securing my shelter entails payments to the local council (rates, water, land taxes etc), bank interest and also house and contents insurance. Buildings insurance to protect your propertys construction and home contents insurance to protect your moveable household objects and valuables, you should first check you home contents insurance policy.

Most companies will have office and contents insurance, employer and public liability insurance. TIP: Consider separate buildings

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