Home Contents Insurance

This includes detached garages, garden sheds, and the other structures on the property that but not attached to the dwelling. Many homeowners policies automatically include these structures to a limit of about 15 per cent of the building value. Again, check to see that this limit of coverage is enough.

All of your personal property can be covered under most home policies. Coverage for contents is in effect if they are destroyed by a named risk. The limit in a home insurance policy is usually based on a percentage of the building value for an additional 50-100per cent coverage. Therefore, if the building is covered for $300,000, the personal property would be insured for $150,000- $300,000.

Always look for Replacement Cost coverage on personal property. And keep in mind that some home contents have special limits in the policy (i.e. jewelry)

Most policies cover your personal property while you are away from home and it is with you.