February 26, 2012 19:00 ET

Correctly Calculate Contents with Swinton

MANCHESTER, UNITED KINGDOM--(Marketwire - Feb. 26, 2012) - British homeowners may be underestimating the value of their contents insurance according Swinton.

The UK's leading high street retailer of home insurance surveyed 1,000 customers and found that 37% would not know how much their total contents would be worth in the event of a fire, flood or other catastrophic event.

Swinton estimates that the average homes' contents are insured for £37,500 so it is vital that homeowners know how to accurately assess the value of their possessions in the home. It is also important for homeowners to keep hold of receipts and guarantees to assist with making a claim.

The most logical way for homeowners to list the value of their contents is to go through each room individually listing everything and its value.

Swinton is also offering some tips to help accurately assess the amount of contents in a home;

  • Look in attics and garages for things like camping equipment, hoovers and luggage - items that can be easily overlooked but expensive to replace

  • Garden furniture, shed contents and tools would also be included on a contents insurance policy so don't forget these

  • Take photos or video footage of each room to jog your memory in the event of a claim

Steve Chelton, Claims Manager at Swinton house insurance said, "It is vital that homeowners take time to correctly evaluate the value of their contents. Any gaps between cover and replacement costs could result in homeowners not getting the full value of items."

For more information please contact Mairead Rodden or Lucy Gordon at SKV Communications on 0161 838 7770 or email firstname.surname@skvcommunications.co.uk

About Swinton

  • With 553 branches nationwide Swinton is the UK's largest high street insurance retailer
  • Unlike many other companies in the financial services industry, Swinton is committed to keeping its branches open for business, and part of the community
  • Swinton provides a one-stop-shop for the insurance and related needs of its clients, offering home, car, caravan, business, holiday, motorbike and even classic car insurance
  • With a dedicated team on hand at every branch to search a panel of insurers to offer quality cover at competitive rates.

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