Contents Insurance

Business, Legal & Accounting Glossary

Definition: Contents Insurance

What is the dictionary definition of Contents Insurance?

Dictionary Definition

Contents insurance is insurance in which insurer pays for damage to, or loss of, an individual’s personal possessions provided that they are located within the individual’s home. However, in case of some contents insurance policies, a restricted cover is provided for personal possessions temporarily taken away from the home by the insured party/policyholder.

In this context “possessions” refers to anything that is not everlastingly attached to the structure of the home (In other words: possessions that are permanently attached to the structure of the home can only be insured through home insurance.) Some contents policies also over possessions kept in outbuildings or in the garden area connected/adjacent to the house.

Contents insurance is typically sold alongside home insurance but it can also be bought as a stand-alone policy, particularly for those individuals who are renting rather than owning their home.

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.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Contents Insurance. Payroll & Accounting Heaven Ltd. September 21, 2021
Chicago Manual of Style (CMS):
Contents Insurance. Payroll & Accounting Heaven Ltd. (accessed: September 21, 2021).
American Psychological Association (APA):
Contents Insurance. Retrieved September 21, 2021, from website:

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 April, 2020 | 0 Views.