Insurance For Your Properties

For most people living in this generation, a high tech mobile phone or a MP3 player is an inevitable gadget. While showing off their latest possession, the chances of somebody stealing it also increases. This statement is backed by the data available from police that for last year, the robberies increased by 8%.

British Crime Survey done on 45000 people reveals the fact that gunpoint robberies increased by 10% for the year 2005. The most shocking result is that robberies alone increased to a highest level in four years making the count to 311,000. The latest technology gadget that is highly priced is the target of many robbers and thieves. The robbery of these items has increased alarmingly as more and more people have started using them.

There has been a fall in household burglaries by 7%. Things are mostly stolen for public places than from homes. Home Secretary John Reid is of the opinion that the people who carry expensive mobile phones and flaunt their latest MP3 players are to blame for this trend of robbery. He even addressed his concern on this publicly. His statement throws light on the increased robbery in public places.

Mobile phone companies assert the importance of taking an insurance against your expensive mobile to cover it in times of theft or robbery. This insurance does not cover for your property though and so it almost nullifies the service of this insurance on phone as the property is already been covered under home contents insurance. Naturally you can seek a claim for any item stolen from you if the item is on the list of insured household contents.

Kelly Ostler speaking on the behalf of Association of British Insurers remarks that most policies on home contents gives cover for property taken outside the house which in their terms is known as All Risks Extension. She cautions the people to be alert and to not live their mobile phone or their MP3 player on the table of a restaurant or a bar. Also keeping these gadgets on the dashboard of the car and leaving the window open only sends out the wrong signals.

The extra amount you shell out for the 'All Risks' cover not only covers your property during theft but also during accidental damage. Weighing different services and policies on offer helps you to compare the worth of the insurance.

Endsleigh, an insurance provider offers annual insurance with 'All Risks' cover for £280 and covers for £1000 worth of property taken out of your home. Another insurer, Norwich Union UK offers home contents insurance for £260.99 which covers everything inside your home and that includes £6000 for valuables like mobile phones, digital camera etc. And the additional benefit is that they also give £15000 for property taken outside your home and £2000 for property away from your home. Check the list of properties insured under home contents before you take insurance from your mobile phone company because your home contents insurance might have already covered for your mobile phone.