Contents Insurance
You should really have contents insurance whether you are the homeowner or otherwise. Accidents and thieves do not restrict themselves to the homeowners so it is important to cover that risk. It is a common misconception for people renting a home that they do not need contents insurance. Landlords will usually have the building covered under their own buildings insurance but in most cases that will not cover the tennents belongings. There can be few things more distressing than being a victim of a crime or the accidental damage or lose of personal possessions. There are a vast collection of insurance companies who offer contents insurance policies. You can get your own quotes or use an online comparison engine, but either way you should make sure you understand the policy and its clauses. All policies will vary somewhat, so as always check the fine detail and if you are in doubt about any element then make sure you clarify it with the insure before going ahead with the policy.
Buildings Insurance
What do you get for buildings cover?
Buildings insurance is designed to cover the structure of your house, the insurance also covers permanent fixtures and fittings, such as fitted kitchens, showers, Fitted wardrobes. If you are not sure, consider if it can reasonably be removed and taken to a new home?
Most house insurance policies in the UK also include outbuildings, such as garages, greenhouses and garden sheds - but boundary walls, gates and drives may not be covered. check with your provide on details you are unsure about.
If you have a mortgage then it usually stipulates you take out buildings insurance. Even if this is not the case or you do not have a mortgage it is still important protection for your home.
The sum insured under a buildings policy must be the full rebuilding cost of the home. When choosing buildings insurance, it is vital to get the right level of cover but remember that you are insuring the cost of rebuilding your home, not the market value of your home.
It is always important to get all the information from the insurance company and ask all the relevent questions before taking out the policy.
