UK home insurance might be worth considering when you give thought to how much you could lose if in the worst case your home and contents were destroyed, say as the result of fire. While no one likes to consider these possibilities these things can and do happen and without insurance you could lose everything built up in your home, along with the property itself.
When considering UK home insurance you have two choices over the cover you may want to take out. The first is home contents insurance and the second is buildings insurance. If you were thinking of taking out both forms of insurance you would get them cheaper if you took contents and buildings insurance together. Buildings insurance is a necessity as the mortgage lender will not approve your mortgage unless you protect the shell of your home. Contents insurance is not mandatory; however it could save you a great deal of financial stress if you were to lose the contents of your home.
Usually contents insurance would protect any items in your home that you would be able to take with you if you should decide to move home. This could include your furniture, computer equipment and even clothing in your wardrobes. Usually contents insurance would protect your contents against such as fire, theft, vandalism and damage due to flood. You might also be protected against accidental damage but you would need to check the small print of any policy you may be considering as some providers might ask you pay extra for this.
Buildings insurance would protect the outer shell of your home along with anything that you would not be able to take with you if you were to sell your home and move. This could include such as pathways, garden shed, garage and boundary walls. It also included items in the home that are none removable such as fitted wardrobes, bathrooms and a fitted kitchen.
When considering taking out home insurance you would have to give some thought to the exclusions and limitations which are to be found in all insurance policies. For instance certain items may not be protected such as expensive jewellery or collections, again the only way you might know of these is checking in the small print of the cover.
There are ways you might be able to save on UK home insurance. For instance the safer your home is seen to be the cheaper the premiums may be for insurance. Therefore if you consider paying out initially for security devices such as door and window locks or an alarm you could make savings and recoup the cost of the payout. Enclosing your home with fencing or shrubbery can also make a difference to how much you would pay for the insurance. Where you live can also make a difference as to how much you would pay for the insurance. If you live in an area prone to flooding then you could expect to pay out more in premiums if you have flood insurance included in your policy.
David Thomson is Chief Executive of BestDealInsurance an independent specialist broker dedicated to providing their clients with the best insurance deal on their home insurance, car and life insurance
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