Our homes are easily the most precious and valuable commodities in our lives, but astonishingly a quarter of UK households have no
house insurance. With the potential threat of burglary, fire or natural disasters, those without cover are risking serious financial loss.
Buildings Insurance
Your insurance policy should cover the funds needed to completely rebuild your home. This is to cover you in the event of your house being totally destroyed or damaged to such a degree that a complete rebuild is required.
Your
home insurance policy should also cover you against damage caused by natural events, such as:
• Subsidence
• Flood and storm damage
• Burst pipes
• Vandalism
• Fire, smoke and explosion damage
Building insurance also covers permanent fixtures and fittings such as baths, toilets, interior decorations, fitted kitchens etc.
Contents Insurance
This covers all the items of your house that is not considered to be a permanent fixture, for example electronic goods, clothing, furniture, appliances etc. Most home contents insurance policies will even go as far as insuring the contents of your fridge freezer!
Home content insurance may also cover items that can be removed from your home, such as bicycles or prams. However, it’s wise to check your policy carefully and to never assume that certain items will be covered.
An increasing amount of insurers cover garden plants, so it’s just a matter of treating your garden as an extra room in the house; just total up the value of plants and they will be covered under your policy.
For
cheap home insurance it’s advisable to shop around. There is a wide choice of price comparison sites available online to help you get a good deal.
