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Home Insurance - Buildings & Contents
Major Home Insurance Providers
Best Home Insurance Providers
Your house is your home - and you need to protect it. Most insurance companies provide you with insurance for both buildings and contents to keep your household and garden insured against damage and loss.
Online home insurance providers lets you manage either your building insurance policy, contents insurance policy or both buildings and contents policy in your own time - 24 hours a day, 7 days a week. Why bother with call centres and automated phone lines? Buying online saves you time while reducing the cost of your home insurance.
Whether you own or rent your property, whether it's a terraced, semi, bungalow, detached or a townhouse, many insurance companies can provide competitive home insurance quotes online.
Distinguish between Building and Contents Insurance
protects you against damage to the bricks and mortar and permanent
fixtures and fittings. It also usually covers outbuildings like your
garage, greenhouse or garden shed. If you're a leaseholder, you don't
usually need to have this cover. The freeholder does.
Choose the right level of cover
Make sure you buy the right amount of cover, or any claim you come to make could be rejected or reduced pro rata. In other words, if you are under insured and in the event of a claim, the Insurance company could reject or only pay you a reduced amount. With buildings insurance you need to insure for the cost of rebuilding the property, which is likely to be less than its market value. You might find the rebuild figure on your mortgage survey or you can have it assessed by a surveyor. With contents insurance, there are two main ways to get cover. It's a good idea to get quotes for both types:
1. A bedroom-rated policy is based on the number of bedrooms your home has (often subject to a maximum amount of cover)
2. A sum-insured policy is where you work out how much cover you need, from which the insurer calculates your premium (regular policy payment)
need to use a calculater, you can find one here - Click Here
New-for-Old and indemnity policies
The better contents policies replace damaged or stolen goods on a new-for-old basis, which means you'll either be paid the full cost of repairing damaged items or the cost of replacing them with equivalent new articles if they are stolen or destroyed. Indemnity policies are cheaper but they deduct an amount for wear, tear and depreciation. Clothing and household linen can only be covered on an indemnity basis. A man's suit, for example, is only reckoned to have a life span of five years.
Add-Ons or Extras
You can pay an additional premium to extend your insurance to cover a range of things: -
It you have any valuable items, always check that these would be covered; if not, you may have to pay an additional premium. Some policies specify a certain value as 'high value', which may go as low as £1,000. You should keep proofs of purchase; you may be asked to get a valuation certificate for expensive items like paintings, antiques and jewellery.
You may qualify to save money if you buy your buildings and contents insurance from the same company. Some insurers also offer no-claims discounts on contents insurance. Other things that may help you get a discount:
Do Not Be Under Insured
Checking you're not under-insured
the cover provided under a Home Policy
Cover can be arranged for contents only, buildings only or combined contents and buildings. Most insurers provide:-
Building Cover - What is covered under Buildings insurance?
The structure of the property including its walls, fences, drives and patios. Outbuildings within the boundaries of the home. All permanent fixtures and fittings. Fixed glass and windows in the home and fixed sanitary ware (accidental damage is provided as standard)
Cover is up to the selected sum insured (which is the cost to rebuild the property.
What events are insured?
Fire, Smoke, Lightning, explosion, thunderbolt or earthquake, Storm or flood, Escape of water or oil from any fixed water or heating installation or domestic appliance, Riot, civil commotion, strikes, labour or political disturbances, Theft, attempted theft, vandalism or malicious acts, Subsidence, ground heave or landslip of the site in which the property sits, Damage caused by falling trees, Optional accidental damage extension (an additional premium will apply). For example, someone putting their foot through the ceiling whilst in the loft or a DIY disaster.
What Extra cover is provided as standard?
Cover during the sale of the property
Accidental breakage to mirrors and glass provided they are fixed
Property Owners Liability cover
Alternative accommodation up to the lower of £10,000 or 20% building sum insured if the home cannot be lived in following an insured event
Cover during sale
Contents Cover - What is covered under Contents insurance?
Household goods including non permanent fixtures and fittings such as carpets
High risk items such as TV's, video, DVD's, computers and jewellery, Personal belongings
Up to £3,000 of office equipment and furniture for a business run from the home
Cover is up to the selected sum insured which can range from £15,000 to £99,000. Within this sum insured the limit for high risk items will be 20% of the contents sum insured
What events are insured?
Fire, Smoke, Lightning, explosion, thunderbolt or earthquake
Storm or flood, Escape of water or oil from any fixed water or heating installation or domestic appliance, Riot, civil commotion, strikes, labour or political disturbances, Theft, attempted theft, vandalism or malicious acts (limitations apply for cover for theft from outbuildings), Subsidence, ground heave or landslip of the site in which your property sits,
Damage caused by falling trees, aerials or satellite receiving equipment, Optional accidental damage extension (an additional premium will apply).
What Extra cover is provided as standard? Limitations apply
Freezer Contents, Alternative accommodation, Cash and use of Credit Cards where stolen from the home , Guest's property, Cover for Personal Documents and Title Deeds, Legal responsibility as a tenant, Public Liability cover, Increase in contents cover by 10% during the Christmas period and before and after Weddings, Loss of oil or metered water, Cover for contents in the open, Replacement locks and keys cover, Accidental breakage to home entertainment equipment
In addition to Contents cover (which in the main insures the contents whilst in the home) cover can be extended for an additional premium to add personal possessions cover. This is designed to cover clothing and personal articles designed to be carried on or around your person, both in and away from the home, for example camcorders, sports equipment or luggage on holiday.
If required, you can pay an additional premium to add pedal cycle cover to the standard policy.
Family Legal Protection
For an additional premium, you can include Family Legal Protection which will provide cover to pursue legal claims for incidents such as employment disputes and personal injury claims.
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