Homeowners content insurance protects your personal belongings, such as jewelry, computers, furniture, and other household goods, against theft and damage.
Most people buy one homeowners policy that covers both the actual structure of their home and its contents.
However, you can buy separate policies for these items.
Why might you want a separate content insurance policy? And if you do, where can you find the best quotes? Why Buy Separate Policies? The usual reason to buy separate content and dwelling policies is because there is a large difference in the value of these items.
Most combined policies cover contents up to 80% of the value of the dwelling.
However, if the dwelling is old or in poor shape while your personal property is new, your personal property may actually be worth more than the dwelling.
Alternatively, you may have a new and expensive home that's worth far more than the value of your personal property.
In either case, you may need to separate the two types of insurance into two policies, whether with one company or multiple companies.
You may also need a separate contents policy if you have a home-based business.
In this case, make sure your policy also covers liability in case a client is injured at your home and files a claim.
Where to Get the Best Rate The only way to find out whether you're better off buying a separate contents policy is to actually run some quotes for content insurance alone, structural insurance alone, and the two types of insurance combined.
Fortunately, this process is easy if you do it on an insurance comparison website.
In addition to letting you try out different coverage scenarios, an insurance comparison website also lets you easily compare quotes from multiple A-rated companies.
You just type in your insurance information and then the insurance companies send quotes for you to review and compare.
It's quick, it's easy, and it won't cost you a dime.