Advice on buildings and contents insurance
With many different types of property insurance from content to buildings insurance. What is the best policy and what should each type include for the best results. Insurance for the home is very important as it gives piece of mind and can really come in useful when some thing unexpected happens to your home. But having something happen and your insurance company not covering it would be terrible news to any home owner, so make sure to read our guide on what to expect in any property or content insurance policy. What loopholes insurance companies use and how to avoid them.
What types of insurance for the home are there
- Content insurance
- Building insurance
What is buildings insurance
Building insurance is protection against your home by either damage, theft, fire and different weather damage (acts of god). There are two types of insurance categories and they are named perils and open perils.
- Fire damage
- Flood damage
- Earth quake and bad weather damage
- War and Terrorism damage
- Boiler damage
What makes home insurance more expensive
- Smoking
- No smoke alarms
- Type of house you own (terraced or semi detached)
- Pets and animals
- Location your property is (postcode)
What is contents insurance
Contents insurance is against personnel possession that are not fixed to your house, you can insure any material item you own. They will all be covered for theft, loss, accidental damage, flooding, fire and so on.
Excess for your content insurance
Generally the more you pay the less your excess will be, so if you excess is 100 then before you receive and payment you will have to pay the 100 on the policy you hold with the insurance company.
How to find a good content insurance deal
Here are the things to keep in mind when buying content insurance
- Excess (how high is your excess payment)
- Accidental damage does your policy include accidental damage to your possessions.
- Total value for all possessions
- Your liability for other people
- Legal expenses
- High value item insurance on specific items (jewellery)
Getting good contents insurance is key to be able to claim for items damaged by you, this will cost extra but covers any unfortunate accidents to carpets, electronics and other possessions.
