We’ve got contents insurance with AA and from next year we’ll be paying 33% more. We have had 2 claims for a different policy this year, one at fault, one not, and they said it wouldn’t impact our premiums. Is this common for everyone? I understand it goes up because of all the floods, but 33% is very significant.

  • sylverstream@lemmy.nzOP
    3·
    11 months ago

    Yeah valid point. We’re mainly covering it in case of a total loss, ie our house burns down.

    For the rest we don’t have expensive items, we have a $600 Warehouse Veon TV for example. Probably most expensive in our contents is my ebike with new price $1450

    • absGeekNZ@lemmy.nzEnglish
      3·
      11 months ago

      That’s really the only reason to have contents insurance. I don’t have the contents insurance to hand.

      House insurance is a no-brainer; I just checked mine and we pay ~0.25% of the value of the house to insure it.

      • sylverstream@lemmy.nzOP
        2·
        11 months ago

        Yeah, we something similar. Contents is more expensive, we’re going to pay about 800 for 120k insured. Still, important to have, but perhaps going to increase excess as Dave suggested @Dave@lemmy.nz

        • Dave@lemmy.nzM
          1·
          11 months ago

          Is $120k appropriate? I feel like we have lots of stuff, but if the house burned down we’d only be looking to replace the key stuff. Beds, computers, furniture, clothes, etc.

          We have $40k coverage and I have trouble justifying that much!

          • sylverstream@lemmy.nzOP
            2·
            11 months ago

            I thought it was too much too, but it adds up quickly. We’ve got 5 bikes, roughly $5k. Kitchen appliances, another $3k. Washing machine and dryer, $1500. Clothes per person, $5k, times 4. TV, gaming console, $1500. PC and monitors, $1500. NAS, $1000. Curtains. Bread maker. Garden tools. DIY tools. Desks. And so on.

            I filled out a calculator online and it even said more, but we went with $120k. When my house burns down I don’t want to be in a position we’re underinsured.

            • Dave@lemmy.nzM
              2·
              11 months ago

              In the very unlikely event of total loss, we wouldn’t be replacing everything. Just the minimum. Sure we have a breadmaker we never use and a big pile of tools accumulated over time as needed and even a TV that we hardly use, as well as big piles of clothes that we only wear a fraction of but really we would just be buying essentials and starting again so $40k should cover that. We don’t have expensive taste anyway.

              Contents insurance is on the cheap end of insurance so I wouldn’t stress about it too much, keep ot high if that makes you comfortable. I just have trouble thinking of how we would possibly find enough to spend $120k on! I think I should find a calculator and see if there’s something I’m missing.