Buildings and Contents Insurance

You have two types of insurance to protect your property effectively: Buildings and contents insurance.

Buildings insurance takes care of the cost of repairing or rebuilding your home, including fixtures and fittings such as kitchen units, built-in cupboards, sinks and bathtubs.

Contents insurance takes care of your personal possessions. These are things you can pack up and move to another home, such as carpets, furniture and curtains.

Buildings insurance

Is a key factor in the buildings insurance is making sure you have enough coverage to rebuild your home from the ground up, if a disaster.

Renewal price is the market value of your home and have nothing to do with the value estimated Council Tax.

Insurance companies use a formula to work out the renewal rates. But generally, it is lower than market value, because if your home is damaged beyond repair and require renewal, the land underneath is still intact
of the land is about a third of the value of your home, so that the cost of restoration is often less than the cost of a new home.

If you have a mortgage, most lenders would be in a building required to ensure the loan balance.

Many will try to sell your products for you, but do not take up the offer without considering other options that may offer better or cheaper cover.

Contents insurance

Is a key factor for ensuring the content is a 'sum insured'. It is in the top row of your insurer will pay out.

If you set too high sum insured, the insurer pays the value of your property and you'll pay too much for his politics.

If you give the insurance company that insured amount is too low to be down premiums, the insurer will pay less than their property is worth if you make a request.

It is important to you a long, hard look at your possessions and give them fair value, by setting the sum insured at the appropriate level.

Buildings and contents insurance conditions

An understanding of exactly what insurance cover is important.

Some of the basics are covered in all policies - such as processing claims for fire or theft. Depending on where you live, you should consider what is offered to cover events such as floods and landslides, as well.

You should also regularly review the renewal rates and a lump sum to make sure the cover still meets your requirements.

Avoid rejected claims

Do not forget to take care of your home and property. If the insurance company can wriggle out of addressing your requests because they did not maintain their home and contributed to the damage or you are not guarding against loss or damage to your possessions, they will.

Setting up the maintenance regime for your home, such as cleaning gutters and dealing with fallen roof tiles.

Protect your wealth to equip an insurance company approved locks -. Especially in your garage, shed and ground floor windows and doors.

Combined buildings and contents insurance

There might be a discount for taking both buildings and contents insurance with the same insurer.