Whether you’re buying your first home, moving home or simply renewing your policy, there’s a lot to consider when it comes to protecting your home and possessions.
The average cost of buying a house in the UK is £32,771. Highlighting why it’s so important to protect your home against damage or theft should the worst happen. Virtually all mortgage companies require borrowers to have insurance coverage for the full or fair value of a property and won’t loan you money without it.
Property Claim Assist have put together a simple home insurance guide so that you can better understand how to effectively insure your home.
Types of Home Insurance
The 2 types of home insurance you need to think about:
1. Buildings Insurance
2. Contents Insurance
Buildings Insurance
Buildings insurance covers the physical structure of your home. This includes the roof, walls and windows. It also includes the permanent fixtures, such as the fitted kitchen and the bathroom suite.
What are the common exclusions?
Potential areas that buildings insurance will not usually pay out for are:
1. Wear and Tear
2. Acts of War
3. Terrorism
4. If your home is unoccupied for more than 30 days during the year
You should always check the small print to find out exactly what your insurance covers. You need enough buildings insurance to cover the cost of rebuilding your property.
Contents Insurance
Not only is it important to insure the physical structure of your property, it is also essential that you insure the contents within it. This protects you in the event of theft, storms, fire, flooding and leaks.
It is likely that your insurer will ask you to provide details of any valuable items. The most efficient way to do this is to walk around your property and make an inventory of all your possessions. This includes but is not limited to TVs, iPhones, jewellery, computers etc. Make sure you read the terms and conditions of the policy because most insurers limit the payout for a single item.
How Property Claim Assist Can Help
With our home insurance guide, we hope you have all knowledge you need to insure your home effectively. Our advice at Property Claim Assist is to always check the small print so that you avoid ending up in an unexpected and devastating situation.
Accessing support with your own property insurance claim, or that of a loved one, is extremely simple. Just call Property Claim Assist on 0333 577 2720 or gain more information at www.propertyclaimassist.co.uk


