It is very important for you to protect your home and its contents and ensure that you are covered enough if something unexpected happens.
Our guide will make sure that you have everything to work out on the home insurance coverage that you need.
It is very important for you to know how much you’ll be covered for when you are looking at insuring your home.
What does buildings insurance cover?
Generally, the buildings insurance covers the building eg: roof, walls, drains etc. It would also be covering things like fittings, permanent fixtures, Kitchen, baths, wardrobes.
It can also cover things like garden landscaping, driveways but it is very important to check with the policy if they are covered. If it is not covered, then you can add them as an add-on.
The buildings insurance usually doesnot cover the damage to your home that are caused by weathering as well it doesnot cover your legal expenses when the property related disputes occur. You would need to have an add-on for legal cover.
What is contents insurance and what does it cover?
Contents insurance covers any items that are in your home and that you would be taking with you. This can include things like
- White Goods
- Electrical Equipments
You should also note that the contents insurance generally doesn’t cover wear and tear.
How much buildings insurance do you need?
When you are working out on how much building insurance you might need, it is very important to note that you will only need to insure the cost of rebuilding your home.
How can you find your rebuild cost of your property?
You can find the rebuild cost of your property using the calculator available at Association of British Insurers’ website.
How much content insurance you need?
TO calculate how much content insurance you need, you need to ensure that you audit and check every room and then calculate the worth of each item. There are plenty of websites that offer the contents insurance calculator for you help with the calculation as well.
It is very important that you don’t under estimate your rebuild/contents costs.