Shop around for the best home insurance
Save money on your home insurance by comparing quotes online.
Your home is by far the most valuable thing you own, so it is
essential to make sure that it is properly insured against potential
disasters such as burglary, fire, flood, subsidence and accidental damage.
There are two types of home insurance which can be purchased either
separately or as a package. Discounts are often offered if you
purchase both buildings and home contents cover from the same insurer.
Buildings Insurance
This insures the actual bricks and mortar of your home together with
any permanent fixtures such as fitted kitchens and bathrooms. Having
suitable home insurance will be a condition on your mortgage when you
take it out but you are not obliged to buy cover from your mortgage lender, which can include a hefty mark-up.
The correct level of buildings insurance should cover the full cost of rebuilding your home
- not it's current market value.
Contents Insurance
Home contents insurance protects all your personal possessions and
covers the cost of replacing items such as furniture, carpets and
electrical equipment. It is important not to underestimate the value
of your possessions and remember to inform your insurer about any expensive individual
items as you may need separate cover for more valuable items such as
antiques or jewellery.
Recent research reveals that one in six homeowners has no buildings
insurance and one in four has no insurance for their home contents. A
further one in five are at risk of being underinsured because they are
unsure of the value of their home contents.
Being uninsured could cost you tens of thousands of pounds, so it
isn't worth taking a chance.
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