This usually applies to things like jewellery, antiques and electronic equipment. Replacement value or number of bedrooms Your contents insurance premium is based either on the number of bedrooms you have, or your estimate of the value of your possessions. Buildings insurance is calculated on the rebuilding cost of your home. It's worth calculating these properly, as they will dictate the value you are insured for. If you underestimate and are underinsured, the value of any claim you make may be reduced in proportion .
Different methods suit different properties.
And the quotes you can get through Screentrade include all methods, so you're sure to get the best value policy for your circumstances. Your postcode Where you live has a lot to do with the amount you pay to insure your home. Different postcodes are rated on an estimate of the risk in that area. A higher risk area could be one with a high crime risk, or a history of flooding or subsidence. Obviously you can't do much about this, but if you're in a high crime area, it may be worth investing in extra security.