Home Insurance Advice

If you have a mortgage you will already have Buildings insurance for your home. This is required to replace anything connected to your home that will affect the valuation. This may include roof repairs, flooding, storm damage or damage to internal fittings such as kitchens, bathrooms or interior decor.

The home contents insurance plan will cover you for all of your personal possessions. These may include TV's, DVD's, carpets, interior decor damage, clothes, jewelry etc. The home contents insurance will probably have an excess attached to it , which means that you will have to pay the initial cost (usually anything between £50 to £200). This will help to keep you premiums lower.

You should try to make an inventory of all the items in your home, how much these items cost you and how much they may cost to replace them, this will make the overall insured figure a bit easier to work out. Just take it step by step, go into every room in the home and ask yourself these questions.

You should be insuring valuable items separately, such as expensive jewelry or art. take photographs (try to be in the photograph too, and maybe a copy of that days newspaper to verify the date) of these items and ALWAYS keep your receipts. This will make the claiming process much easier. If you do insure expensive items separately take into account whether that item will increase in value over time and add this too the insured sum.

Home contents insurance is not a legal requirement in the UK, but would you like the largest and most important investment in your life to have no cover against unforeseen damage? If you are trying to save money it is not a good idea to leave your home uninsured, have a look at the contents of your home and ask yourself whether you can afford to replace them and whether you can replace them.

Usually the most cost effective way of insuring your home is through your buildings insurance provider. The provider will usually give you a discount for combining both these policies together, but homework will have to be done. Compare quotes from as many providers as possible. If your buildings insurance provider is too expensive for this , shop around for both your buildings and contents insurance online, you may be surprised at the overall home insurance savings that you could make.