This covers you for contents that you take away from your home such as Jewellery, Watches and Mobile Phones etc. So this means if these were to get damaged or stolen away from the home you would be covered.
White goods such as a washing machine, fridge etc. then this cover is ideal. White Goods cover protects these assets.
If there was accidental damage caused to your contents then you would be covered e.g. Television falling from wall mount.