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If protecting the contents of your home is a high priority for you, then new for old cover is a perfect choice. New for old cover often isn’t included as standard, so if your contents needed to be replaced, you could be out of pocket with a standard contents insurance policy.
Get new for old insurance quotes now by clicking the green button; or if you’d like to find out more information about exactly what new for old insurance is, read below.
Key Points
- New for old insurance allows you to get the full replacement value of your items in the event of them being stolen.
- Most contents insurance policies are not new for old, so it’s very useful to get this type of cover if burglaries are something you’re particularly worried about.
- You can also get accidental damage cover added to your policy.
- The cost will depend on the value of your contents and how secure your home is.
What is New For Old Insurance?
New for old insurance is a type of contents insurance that means if your items needed to be replaced after an insurable event, you’d be compensated for the full cost to replace them with new versions, rather than the current market value of the items that were destroyed, as is the case with many standard contents insurance policies. This is particularly useful when expensive items such as TVs, laptops or PCs need to be replaced.
A lot of the time, the contents insurance included with a standard home insurance policy is indemnity-based, rather than new for old, so it’s important to check the details whenever you’re taking out a new home insurance policy.
Did you know?
The difference between the second hand price of an item and its value when bought new can be vast. New for old insurance is very useful in this case.Ways top save money on new for old insurance
You can save money on new for old insurance by following these tips:
- Take any steps you can to make your property more secure and less likely to be targeted by thieves and vandals. CCTV, a good alarm, security lights and good locks all help.
- Pay for your insurance annually rather than monthly. Most insurance providers will offer a good discount for doing this.
- Get quotes from several different insurance providers to avoid overspending.
Did you know?
New for old insurance is a good idea when you have several expensive electronics in your house that you want to protect.Reasons to get new for old quotes online
Some of the main benefits of getting new for old insurance quotes online are:
- You can easily tailor quotes to your needs
- Browse quotes without any pressure
- Pay upfront or monthly
- Get quotes quickly and easily
Get New For Old Insurance Quotes Now!
To get new for old insurance quotes from a panel of specialist providers now, simply click the green button below!
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New For Old Insurance FAQs
How do I know I don’t already have new for old insurance?
It’s possible your current home insurance policy might have new for old contents insurance already included. However, this often isn’t the case so you should check with your current insurance provider.
How much will new for old insurance cost?
This will depend on whether you’re taking out with a new provider or getting it added as additional type of cover with your current insurance provider. It will also of course depend on the total value of your contents and how secure your home is.
Are there any ways to save money on new for old insurance?
Yes, read further up the page for some good ways to save money.