6 common home insurance miscalculations Forgotten items - carpets and curtainsCarpeting a 100m2 house - £1900 Keep receipts for furnishings, art and accessories and add to running room totals each year. RenovationsE.g. adding an extra room, garage or extension - £15,000 A loft conversion (cost £15K-£40K) adds 10% to your house value Don't forget to account for recent building additions within the rebuild cost of your building insurance. Family situation1 in 3 children now have their own tablet computer - £1,000 The value of your children's possessions will grow as they do. Don't forget their toys and electricals. Rising valuesGold prices have gone up over 8% in the last 5 years Have antiques, heirlooms and jewellery valued every two years. Check single item limits are still enough. Falling valuesElectricals are 5.7% cheaper now than 2014 What might reduce your total sum insured? Music collection now safely backed up online?

Hidden valueA man's wardrobe contents could be worth over £3,000. A kitchen's kit could be worth over £3,000 Some of your most valuable content is in your drawers and cupboards. Don't forget to include it. What does it mean to be underinsured? As a homeowner, it’s your responsibility to give your insurer an accurate estimate of the value of your buildings and contents every year. If your estimate is too low and the value of your goods rises beyond your agreed limits or you acquire valuable items and you don’t inform your insurer you could find yourself underinsured. For example, if your contents are worth £80,000 but you only value them at £40,000 you are 50% underinsured. In the event of a claim for £30,000 your insurer could reduce your claim by 50% so you would only receive £15,000. Most people find this surprising because the amount claimed is under the total sum insured, but being underinsured means you haven’t paid the right premium for the amount of cover you need.

As you can see, having the right amount of insurance is almost as important as having insurance.vitamix vita prep 1002 Here are some useful tips to help you keep your home insurance up to date. hamilton beach wavemaker 10-speed blender - blackSo if you ever have to make a claim you won’t find yourself with a surprising shortfall and you can get back to normal as quickly as possible.cuisinart blender cbt 500 manual Making sure you’re up to datebreville hemisphere control blender vs oster versa Firstly check the sum insured, all single items and inner limits. blendtec wildside blender costco

Are they up to date with what you need. Add up the value of your contents room by room. kenwood hand blender grouponDon’t forget attics, basements and garages.kitchenaid mixer repair tulsa ok Remember to add the cost to replace the item now, not what you paid for it a few years ago. Do any new items or heirlooms need specifying separately? Think about items you would like to cover when you’re out and about. Are they covered under your existing travel or mobile cover or do you need extra cover? Don’t forget that if you’re an existing customer you can update your policy at any point throughout the year, so you don’t have to wait. Forgotten items: Carpet costs based on 100m2 at £19 per m2. , prices correct as at 27.4.15.John Lewis Wine glasses £12 for 4 x 2 = £24; Recycled water glass £4.50 x 6 = £27;

John Lewis Damask Tablecloth £70; Robert Doulton Fable Tableware Set, 16 piece £120; Robert Welch Stanton Bright Children’s Cutlery £23; Arthur Price Rattail Cutlery, 7 piece £195; Denby Azure Serving Bowl £47.50; John Lewis Puritan Serving Bowl £8; John Lewis Marble rolling pin £18; John Lewis multi purpose tongs £10; John Lewis knife sharpener £18; John Lewis Outline steak knives set of 4 £20; Analon Advanced Suregrip Knife set 3 piece £60; Le Creuset Round Casserole 22cm £160; Le Creuset Round Casserole 24cm £175; John Lewis Classic II Lidded Buffet Casserole 30cm 5L £69; John Lewis Classic II Lidded Saucepot 14cm £30; John Lewis Classic II Lidded Casserole 24cm 5L £55; John Lewis Classic II Lidded Saucepan with helper handle 22cm 3.7L £50; John Lewis Classic II Stockpot 6.5L £65; Le Creuset Toughened Non-stick Roaster 35cm £128; John Lewis Classic II Lidded Saucepan 20cm £47; John Lewis Classic II Non-stick Frying Pan 24cm £42; John Lewis Classic II Chef’s Pan and Lid 26cm £69;

John Lewis Classic II Steamer Set 3 piece £80; John Lewis Classic II Nonstick Frying Pan 28cm £47; John Lewis ‘The Pan’ milk pan 14cm £15; Meyer Infinite Circulon Wok 36cm £109; John Lewis Square colander £18; Tala Square baking tin £11.50; Tala Loose Base Flan Tin Dia. 23cm £14; Delia anodised sponge tins x 2 @ £9; Garden Trading Cake tin £22; Delia online satin anodised muffin tin 6 cups £15.00; John Lewis Maison Platter £25; Royal Doulton 1815 Lasagne Dish £45; Bosch Styline Sensor TWK86104GB £44.99; Sage by Heston Blumenthal Nutri Juicer Plus, £179.99; Magimix, Le Blender £129.99; Kenwood HM520 Hand Mixer £18.00; KitchenAir Artisan Stand Mixer £379; Mason Cash Baker Street Mechanical Scale £30; George Foreman 14525 grill £49.99; Nespresso 190 CitiZ and Milk Coffee Machine £139.99; AEG AT7800 2 slice toaster £89.99.TOTAL = £3002.94 , price correct as at 12.5.15.1 suit (Jaeger Micro herringbone Jacket £240 Trousers £110) = £350; Jigsaw Wool Melton Shawl Collar Peacoat, Navy = £245;

Diesel Larkee Relaxed 607A Straight Jeans = £110.00; Ted Baker Shrewdd Denim Jacket =£110; Levi’s Corduroy Chinos = £75.00; Bugatti Lightweight Mac = £199.00; BOSS Green Open Leg Track Pants = £109; BOSS Orange Benefit Cotton Blazer = £250.00; Ted Baker Bronn Chinos = £85.00; Reiss Shoot Suede Double Monk Strap Shoes = £169; Clarks Gatley Leather Top Chelsea Boots = £99.99; Vans Atwood Canvas Trainers = £45.00; Jaeger Casual Leather Belt = £65.00; Kin by John Lewis Mercer Knitted Tie = £19.50; John Lewis Gladstone Leather Holdall = £199.00; Polo Ralph Lauren Full Zip Hoodie = £100.00; John Lewis Fine Twill Plain Silk Tie = £25.00; BOSS Masoni Leather Work Bag = £430.00; Calvin Klein Liquid Short Sleeved White Lounge T-Shirt = £34.00; Polo Ralph Lauren Crew Neck Sweatshirt = £95.00; Kin by John Lewis End on End Chambray Shirt = £40.00; Reiss Ferry V-Neck T-Shirt = £45.00; John Lewis Made in Italy Merino V-Neck Jumper = £40.00; John Lewis & Co. Oxford Shirt = £45.00;

Diesel Shawn Boxer Trunks, Pack of 3 at £35.00 x 2 = £70; John Lewis Sport Cushion Sole Socks, Pack of 4 at £12 x 2 = £24TOTAL = £3078.49Value of children’s electrical items: 2 ipads x £359 = £718 (Apple store price as at 7.4.15); X box 360 including one game =£159.99 (Amazon as at 7.4.15); Find out more about Home InsuranceFind out more Contents CalculatorThe Association of British Insurers offers a useful checklist here to help you add up the value of your contents in each room. Lloyds Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Lloyds Bank plc is a member of the Financial Services Compensation Scheme and the Financial Ombudsman Service. We subscribe to the Lending Code; Lloyds Bank plc Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales No. 2065. Calls may be monitored or recorded.