Claiming on home contents insurance is worth it if the value of the claim well exceeds your excess and would result in significant financial loss if not covered. For instance, if the claim is worth $2,000 and the excess if $750, then you may consider it worthwhile. If the claim is $1,100 and the excess is $1,000, you may not consider it worthwhile making a claim. This is because every claim you make, no matter how small, increases your 'risk' with the insurer, which leads to increased premiums.