Define: Contents Insurance

UK Accounting Glossary

Definition: Contents Insurance



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Full Definition of Contents Insurance


Contents insurance should be considered by all householders whether or not they have a mortgage.

Contents insurance covers items such as furniture; carpets, curtains; electrical goods and many policies also cover personal possessions, which may be removed from the home. This is separate to buildings insurance.

Most home contents policies cover loss or damage to your possessions in your home from a series of risks.

These include:

  • Fire
  • Theft
  • Lightning
  • Escape of water from tanks and pipes
  • Leaking oil from heating systems
  • Storm
  • Flood
  • Subsidence
  • Heave or landslip
  • Falling trees or aerials
  • Riot or malicious acts
  • Explosion
  • Earthquake
  • Impact by aircraft, vehicle or animals.

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https://payrollheaven.com/define/contents-insurance/
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Contents Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 28, 2020 https://payrollheaven.com/define/contents-insurance/.
Chicago Manual of Style (CMS):
Contents Insurance. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/contents-insurance/ (accessed: March 28, 2020).
American Psychological Association (APA):
Contents Insurance. PayrollHeaven.com. Retrieved March 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/contents-insurance/

Definition Sources


Definitions for Contents Insurance are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February 2020.