Home Insurance
Even though Home insurance is a vital part of any household budget it seems that many people in the UK have never shopped around and tend to remain with their existing insurers no matter what the cost. However, the Internet has brought about the ability to shop online for the best Home insurance deals and Home insurance offers, many of which can be adapted to your personal circumstances and in the end potentially save you hundreds of pounds a year.
Types of home insurance available
There are two main types of home insurance available which are buildings insurance and contents insurance which are both vital to protect your home.
Buildings insurance
As the name suggests, building insurance covers the walls, roof and structure of your house so that in the event of an accident or some kind of structural damage you should be able to claim off your insurance to resolve the issue. Even though the vast majority of people in the UK will, never use their buildings insurance, why take the risk on what will be the largest investment of your life?
Contents insurance
Contents insurance is perhaps the most well-known home insurance although many people will be surprised to learn they possibly under covered regarding their content in the event of a burglary of accident. You should review your contents insurance on a regular basis and be fully aware of any small print which may negate claims for certain items and certain elements of your home.
There are a number of other insurances connected with home insurance which include:-
Flood insurance
Flood cover is a type of insurance which is becoming more of a necessity than an option for many in the UK. The risk from water damage has increased dramatically over the years although this will depend on the area of the UK in which you live.
Landlord insurance
An increase in the number of rental properties in the UK has seen a massive increase in the number of landlord insurance policies and the types of landlord insurance cover available. This could cover everything from emergency assistance to legal cover to rent guarantees. You can customise landlord insurance cover to suit your specific requirements.
Tenant insurance
Tenant cover is another type of insurance which has developed in tandem with the rental market. If you rent a property you’re likely to have fewer valuables and less equipment to insure than a home owner. Tenant insurance cover offers reduced premiums to cover exactly what is yours and your responsibility.
Specialist home insurance
Aside from the traditional building insurance and contents insurance there are many specialist insurance policies available. They include:-
Student insurance
Student possession insurance is tailored to students living in rented accommodation who have specific requirements and needs. If you are a student you’re likely to spend extended periods of time away from your rented accommodation therefore there is a need to insure your goods. Student cover includes items such as CD players, games consoles, etc. as well as insurance cover against accidental damage, theft, vandalism, floods and fires. Why take the chance of leaving your goods uninsured?
Self build insurance
If you are looking to build your own home there are many considerations you need to take into account and self build insurance is vital. Self build cover includes public liability insurance, employer’s liability insurance, injury insurance and can cover costs associated with contractor and supplier disputes. Why spend thousands of pounds building your dream home and cut corners on self build insurance?
Listed buildings insurance
If you have a listed building you have various obligations which can prove expensive but listed building insurance allows you to cover these potential cost. Listed building cover reduces your liability if for example your property burned down and the authorities demanded it was rebuilt. This is just one of the major issues associated with listed building insurance. This type of insurance is not offered by all insurance companies.
Holiday home insurance
Normal home insurance will not cover the majority of holiday homes due to the long periods of time during which the properties may be empty. If you have a holiday home you need to look towards holiday home cover which can cover homes in the UK and overseas. Don’t wait until you find your traditional home insurance does not cover your property!
Working from home insurance
If you’re one of the millions in the UK working from home you need to consider specialist home insurance cover to ensure your equipment and information is covered. Your everyday home insurance cover is not relevant to many who work from home and work from home cover is a necessity. Can you really afford to be without insurance cover if you are working from home? Would you really risk your livelihood and your main income?
Are you in the group with no home insurance?
A report has revealed that one third of the UK population has no home cover of any sort… Continue reading Home Insurance
Lloyds report highlights increased risk of flooding
Risks of flooding set to double by 2030 and see insurance premiums rise accordingly… Continue reading Flood Insurance
Sainsburys Sets The Insurance Market Alight With 25% Discount
Sainsbury’s is offering a massive 25% discount for new customers who takeout both buildings and contents insurance… Continue reading Buildings and Contents Insurance
Home Insurance Return to top
