Hi - mine included renters as well. But I only got a quote for 20k buildings and 5k contents. I need to find out exactly what the re build cost is per sq m so I can work it out properly. I said 5k for contents as we are looking to spend no more than 4 on furniture including air con, kitchen and water heater etc and left a spare 1k for personal effects such as clothing etc. I need to check whether the kitchen air cons and water heaters would be covered under buildings or contents and then re jig my figures. When I sold house insurance the easiest way that I could explain contents cover is that if you imagine turning your house upside down and whatever would ' fall out ' would be contents and the rest would be covered under buildings eg bathroom suite, kitchen etc. So 5k should be more than enough. When I sold house insurance people where amazed at how much they could save if they worked out the sums insured correctly. Local estate agents in UK have current re build costs for each postal area. I used to keep an up to date copy in my drawer and work it out for them and save them quite alot. Also people tend to guestimate contents as well and over insure which would cost them alot more. I always advised them to go into each room and make a list of everything and roughly how much it would cost to replace and then add it all up.
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