One of the reasons we could be paying out too much in premiums is down to the fact that we are paying out for something which we think is covered by the policy when in fact it is not. There are many exclusions hidden in insurance policies, and as boring as it is, the paperwork shouldn't be put aside before being scoured for these exclusions.



For example, some policies will cover office equipment in the home such as computers and fax machines. However the majority of policies will have a limit on how much you can claim for. If you have a number of computers or office equipment in your home then it is worthwhile checking your policy for the amount that it is covered for. You could find a cheaper policy that doesn't include this type of equipment and still make a saving by taking additional cover in order to protect the equipment for the true amount.

Garden equipment will usually be covered in a buildings and content insurance policy but again there could be exclusions and limits as to what is actually covered.

Different companies also have different meanings when it comes to deciding items that are valuable. For example, some items might not be covered if they are over a certain amount and you haven't stated that you have items which fall into this category. If this is the case then the item wouldn't be covered at all should anything happen.

You should always take the time to sit down and read any small print to ensure that you know what is and isn't covered and never just pay your premiums without knowing. If the worst comes to the worst and you have to make a claim you could be sorely disappointed to find some of your possessions aren't covered and you have paid your premiums for nothing.