Building and Contents Insurance

Building and Contents Insurance

What does contents insurance cover? 

Contents insurance covers the belongings and personal possessions inside your home. This can include furniture, appliances, electronics, clothing, jewelry, and other valuable items. It provides coverage against risks such as theft, damage from fire or water, accidental breakage, and vandalism.

Do I need both building and contents insurance? 

It’s not a legal requirement to have building and contents insurance, but it is strongly recommended. If you own a property, building insurance is often required by mortgage lenders. Contents insurance helps protect your personal belongings from loss or damage. Having both types of coverage ensures comprehensive protection for your home and possessions.

Can I buy building and contents insurance separately? 

Yes, you have the option to purchase building insurance and contents insurance separately. However, many insurance providers offer combined policies that cover both building and contents insurance under a single policy. This can often be more convenient and may result in cost savings.

How are premiums for building and contents insurance determined? 

The cost of building and contents insurance premiums is determined by several factors, including the value of your property and belongings, the level of coverage you choose, the location of your property (including factors like flood risk or crime rates), the type of property you own, and your claims history. Insurance providers assess these factors to calculate the premium you will pay.

Talk to an expert Adviser, now!

Our highly experienced Advisers are ready to help you with either buying or remortgaging a home, protecting your property and lifestyle along with saving you time and effort, ensuring you have a competitive deal right for you.

What is the “sum insured” for contents insurance? 

The “sum insured” refers to the maximum amount of coverage provided for your contents insurance. It represents the total value of your belongings that can be claimed in the event of loss or damage. It’s essential to ensure that your sum insured accurately reflects the value of your possessions to avoid being underinsured in case of a claim.

Are high-value items, such as jewellery or artwork, covered by contents insurance?

  Most standard contents insurance policies have limits on coverage for high-value items. If you own valuable items, it’s advisable to specify them separately or consider additional coverage options. This may involve listing these items individually on your policy or purchasing a separate policy, such as high-value item insurance or fine art insurance, to ensure adequate protection.

What should I do if I need to make a claim? 

If you need to make a claim, you should contact your insurance provider as soon as possible. They will guide you through the claims process, which typically involves completing a claim form, providing supporting documentation (such as photographs or receipts), and cooperating with any investigations required. It’s important to familiarize yourself with the specific claims process outlined in your policy.

Can I cancel or change my building and contents insurance policy? 

Yes, you can usually cancel or make changes to your building and contents insurance policy. However, the terms and conditions vary depending on your insurer and policy. If you want to make changes, such as amending coverage levels or cancelling the policy, you should contact your insurance provider directly to discuss

Talk to an expert Adviser, now!

Our highly experienced Advisers are ready to help you with either buying or remortgaging a home, protecting your property and lifestyle along with saving you time and effort, ensuring you have a competitive deal right for you.

Speak to One Of our Expert Brokers

Online Booking

Contact us to start saving time and money