When it comes to home insurance, there are two main types to consider – buildings insurance and contents insurance.
- Buildings insurance protects the structure of your home – the walls, roof, floors and fixtures – from events like fire, floods, storms, vandalism or subsidence
- Contents insurance covers what’s inside – your furniture, electronics, clothing, appliances, and other personal belongings.
If you’re renting, buildings insurance is usually your landlord’s responsibility. But your own possessions aren’t covered by their policy, so contents insurance for renters is still crucial. There are policies tailored to suit renters’ needs, ensuring your things are protected even if the worst happens.
It’s easy to underestimate the total value of your home’s contents. But just take a moment to consider items such as phones, laptops, tablets, TVs, jewellery; all could amount to thousands of pounds. As many of these items are portable and expensive, they are vulnerable to damage or theft.
When arranging buildings insurance, it’s important to make sure your cover reflects the rebuild cost of the property and not the market value. The rebuild cost is usually lower, as it doesn’t include the value of the land or factors like location or school catchment areas. It simply covers what it would cost to physically rebuild your home in the event of a total loss.
No matter what type of home you live in, even if it’s classed as ‘non-standard,’ we can usually help you find insurance covers based on your needs and circumstances. We can also help to ensure your contents cover is based on your requirements and value of your possessions.
We know insurance isn’t the most exciting part of life. When budgets are tight, it can be tempting to view it as optional. But choosing not to insure your home and belongings could turn out to be a costly false economy if the unexpected happens.
Let us help you protect what matters – so you can carry on enjoying your home, knowing you’re covered.