Contents Insurance Ireland (2024)

FAQs

How much is contents insurance in Ireland? ›

AXA Contents Insurance starts from less than €10 per month and includes our 24/7 Emergency Home assistance as standard. Policy terms and conditions apply. Minimum premium of €105 per year.

Home insurance offers you peace of mind that your property and belongings are protected should the worst happen. Home insurance covers your building and contents and protects them against damage, loss or theft.

Contents insurance covers the cost of replacing or repairing your possessions if they are damaged, destroyed or stolen. It includes everything you would take with you if you moved home including your furniture, kitchen appliances, curtains, bedding, clothing, television, computing equipment and jewellery.

Contents insurance is something both homeowners and renters may want to consider. According to MoneySmart, this protects the things you value in your home, specifically "household items and personal belongings if they're damaged, lost or stolen". This can include furniture, appliances, laptops, clothes and tools.

The list is extensive, and once you have completed yours you may be surprised at just how much your home contents is worth, but to put it in to some kind of perspective, the average home contents insurance value in Ireland is €40,000 – €50,000 Euros.

There's no such thing as an average contents insurance cost. The amount you spend on your contents cover will vary depending on the value of your contents, as well as a number of other factors such as where you live and what level of cover you want.

The increasing costs of construction expenses, labour rates, and the complex web of regulatory requirements have all contributed to higher expenses for homeowners looking to repair or rebuild their homes.

The only two insurances that are compulsory with a mortgage are mortgage protection and buildings insurance. The other insurances are advisable, but they depend on your individual circ*mstances.

Escape of water is usually a part of your buildings and contents insurance. It means water leaking from the mains supply. It doesn't protect against all types of water damage; it only covers water escaping from a: domestic appliance.

Most contents insurance doesn't include cover for accidental damage. It may be worth adding this if you want cover for mishaps, such as staining your couch or smashing a vase. Also check what isn't covered, for example, damage to clothing or computers.

Is there any point in contents insurance? ›

There are lots of reasons you may want contents insurance, including: You won't have to pay as much to replace any stolen, damaged or destroyed items. Some policies offer access to a legal helpline to give advice and guidance for certain legal problems. You can upgrade or tailor your policy to suit your needs.

Coverage for your personal belongings

Your furniture, clothes, sports equipment and other personal items are covered if they are stolen or destroyed by fire, hurricane or other insured disasters. The coverage is generally 50 to 70 percent of the insurance you have on the structure of the house.

You don't have to take out home contents insurance. However, it's a good idea to do so because if any of your contents are lost, stolen or damaged you will have to pay to replace them.

When it comes to safeguarding our possessions and financial security, the importance of contents insurance shouldn't be overstated. This coverage can be a shield against the unexpected, offering a safety net in the face of loss, damage or theft of your personal belongings.

The sum of the value of all your items is how much coverage you need. Often, the amount of personal property coverage is determined by using 50% of your dwelling coverage limit. For example, if your dwelling coverage is $400,000, you'll have $200,000 in personal property coverage.

The average annual premium for Irish health insurance per adult was €1,594 in January 2024. Depending on your package with Kota, a monthly health insurance premium could start from as little as €59.17 per month for the Kick-Off Plan.

How much cover do you need? Many insurers offer a set total claim limit to cover all your contents based on the size of your home, say £50,000. You may be given the option of increasing the cover when you apply for a quote if your contents are worth more than the set claim limit.

You usually pay the full cost of private health services. You can take out private health insurance to help meet the cost of private healthcare. Public health services are supported by the State. Many public health services are free of charge but in some cases there may be a fee.