THE SHORT ANSWER
The total amount in your home policy is not necessarily the limit for every item or event. A bicycle, jewellery and belongings outside the home may be subject to specific rules.
Start with one item you want to understand better. Note its value and find the relevant section in your policy letter and terms. Comparing amounts is a starting point, not a promise of compensation. [2]
Keep these points in mind
- Check the limit for the item and event.
- An estimated value is not the insurer’s claims valuation.
- Do not guess a missing limit.
STEP BY STEP
How to check your cover
Describe the item and its value
Note the model, year of purchase and estimated value. Keep a receipt, photo or other evidence somewhere you can find it. If you have no receipt, other material may help establish ownership and value.
Mark the value as an estimate if that is what it is. This makes the information easier to check later.
[1]Choose the event you are asking about
Is the question about theft, fire or dropping the item? Check where it is kept or used. The same object may be assessed under different sections depending on what happened.
Accidental damage cover, often called allrisk, is optional in many policies, not a requirement for everyone. Its presence or absence alone does not explain what applies after a fire, for example.
[2][3]Look for the specific limit
Read both the policy letter and the section about the belongings. Check whether the amount applies to one item, a category of items or all belongings together. Also note the excess and valuation rule.
For a bicycle, for example, read the bicycle terms. Do not automatically use an accidental damage limit as the limit for bicycle theft.
[2]Compare it with existing cover
Check whether the item is already specifically listed in a policy or covered by another policy. Compare the scope before concluding that more cover is needed.
A value above an identified limit raises a question to investigate. A value below the limit does not mean every type of damage is covered.
[3]
How Belongings works in My Forsio
You can add belongings and estimated values. The feature compares relevant information with the available insurance documents. When a recorded limit can be shown, it has a source label. When the limit cannot be established, it is shown as Unverified.
Not every limit in the feature yet has a reference to a precise policy clause. Check the named document and ask the insurer if the limit is unclear. Forsio does not change the insured amount or value the item on the insurer’s behalf.
Fictional example
The item has a value. The limit is still unclear.
A camera is added to the overview.
- Estimated value
- 18 000 kr
- Relevant limit
- Unverified
- Next question
- Which limit applies to the camera?
The missing amount shows that the documents need checking. It proves neither that the camera is uninsured nor that its full value is covered.
Common questions
Do I need separate insurance for every valuable item?
Not automatically. Start with the policies you already have. A separate product may overlap with existing cover, but may also have different excesses or valuation rules. [3]
Is the amount I enter a claim for compensation?
No. It is information you provide for the overview. After a loss, the insurer decides the valuation and compensation based on the documents and terms.
MY FORSIO
Add the things that matter most.
Bring your policies and belongings into My Forsio. See which amounts can be checked and what remains to be verified.
Sources and references
Sources checked
This guide explains general principles of Swedish insurance. Your policy schedule and terms set out what applies to you.