Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk

Do you know if your home contents are covered against damage, theft or loss? If not, you might want to check your home contents insurance policy as well as checking with your landlord if you’re renting. You don’t want to be caught out with no coverage if something happens.

If you rent, make sure any furnishings provided in the property are covered by the landlord’s insurance policy – not yours.  If you’re burgled or have a fire and something happens to them, they could be expensive to replace and you don’t want to have to pay for items owned by the landlord, as well as items of your own.

Does your insurance include accidental damage? If the dishwasher floods the kitchen, for instance, or your kids drop your phone, you could end up paying out to get them fixed.

Did you know not all policies cover damage caused by pets? So if Fido destroys the new white sofa, you may be left searching for a replacement – the sofa, of course, not Fido!

It’s also worth checking if your policy includes legal cover too. The last thing you want is to end up with hefty lawyers’ fees to pay if the unexpected happens.

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Representative example: £400 loan repayable over 6 months. 6 monthly payments of £126.40. Rate of interest 179% p.a. fixed. Representative 991% APR. Total amount payable is £758.40.