Quote:
Originally Posted by amgard
Unfortunately that is of no use when getting a quote for contents insurance. You're expected to know the value of the items long before claiming.
To take a ridiculous example; say the box was worth £10,000 (yes - I did say it was ridiculous  ) and you were robbed. The insurance Co is within it's right to say you were under-insured and either fail to pay out at all, or to pay only a proportion of the claim, a bit of a bummer if you lost a lot of your own stuff at the same time.
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I presume it would be the cost of the box when the a new contract starts, I beleive that is one hundred and forty-five pounds, wouldn't it?