What is Home Insurance?
Home insurance is an insurance policy that protects your property and your belongings. There are 3 main types of home insurance: buildings insurance, contents insurance and buildings and contents insurance combined.
Building Insurance protects the structure of your home against damage – whether it’s from flood or fire, lightning strikes, earthquakes and even damage caused by vehicles or animals. Building Insurance often accompanies a mortgage in order to protect the investment made by the lender, and will normally cover permanent fixtures and fittings too, such as doors and windows etc, in addition to the ‘bricks and mortar’ structure. With the cost of rebuilding your home out of reach for most people, in the event of a disaster where you suffered such a loss, Buildings Insurance would cover the cost of the house being rebuilt.
Often paired with Building Insurance, Contents Insurance guards against damage to, or loss of, the belongings you keep in and around the house. From the TV, to the table and chairs, Contents Insurance basically covers anything you’d take with you if you moved house, and provides cover for these possessions in the event of loss or damage. Take some time to assess the value of your belongings so that you choose the right Contents Insurance policy and don’t pay more than you need to.
Building and Contents Insurance Combined:
Simply put, the name says it all – Combined Building and Home Contents Insurance is an option to choose a combination policy that covers both the physical structure of your home and the contents therein.
With hundreds of different policies for Home Insurance on the market, you would need to spend many days comparing them all. At The Right Mortgage we do the ‘legwork’ for you, taking your details and finding the most suitable Home Insurance for you.
Simply complete your details on our contact form and then press Submit to send it to us and we will get back to you with your quotations and the relevant policy terms and conditions booklet.