My article explains it all…
If you have a home (with stuff in it!), having Buildings and Contents Insurance just makes good sense.
Buildings and Contents Insurance covers you against the loss, theft or damage to your personal possessions.
It can also cover the contents of your shed or garage, and even covers anything you take out of the home – on holiday, or to work or university, for example.
Getting the right Buildings and Contents Insurance cover to protect both yours and your family’s belongings is important.
And it’s not just the obvious stuff.
Don’t forget you’ll need a policy that covers your books, carpets and curtains, and the kids’ X-Box, as well as the TV and your jewellery.
We understand there’s a lot to think about when it comes to getting a Buildings and Contents Insurance policy that will ensure you have adequate cover to protect everything you own!
That’s why More Than Money wants to help you ensure that you leave nothing off the inventory, as well as talk through the amount of cover and excess you want.
Once we’ve done that, we’ll search the market for the right Buildings and Contents Insurance policy for you, (because we’re nice like that), but also because we have access to deals and insurers that you won’t find on price comparison sites!
Next up, we’ll help you to navigate the application process, and set up the monthly Direct Debit for your premiums – on a date that suits you.
After that it’s just a case of answering any questions you still might have, and helping with any forms that need signing and sending out.
But first, let’s start with a Buildings and Contents Insurance Q&A…
Why Should I Get Buildings and Contents Insurance?
Think about it…
Could you afford to just pay out for new carpets, curtains and furnishings if there was a fire?
Could you afford to pay to live somewhere else if your home was uninhabitable because of a flood?
And what about if you were burgled?
Could you afford to replace your flat screen TV, electrical goods and jewellery?
If the answer is, ‘no, then you’re definitely going to need to get a quote for Buildings and Contents Insurance.
What Do Buildings and Contents Insurance Services Cover?
Besides the stuff I’ve just mentioned, Buildings and Contents Insurance also protects the structure of your home (that’s the ‘buildings’ part you see!)
That includes the walls, roof and windows.
Your insurance won’t normally pay out for wear and tear, but it will cover you against storm or fire damage, or any other structural damage to the property.
Another handy aspect of Buildings Insurance is that it also covers anything you keep in your garage or shed – such as that expensive petrol mower, or your golf clubs.
It also protects anything you might take out of the house with you – like when you go on holiday for example.
Can I Get A Buildings And Contents Insurance Quote If I Live In An Unusual Property?
I mean, yes of course you can – but if you don’t live in a standard brick-walled, tiled roof house, you might need specialist Buildings and Contents Insurance.
Properties that are ‘non-standard’ include houses with a timber frame, and those with a flat roof.
There are also specialist Home Insurances available – for listed buildings, or a cottage with a thatched roof, for example.
What Happens When I Make A Claim On My Buildings And Contents Insurance?
When it comes to the ‘contents’ part of your insurance policy, it normally works on a ‘new for old’ basis.
This means that if your TV is damaged (for example), your Contents Insurance policy will pay out for a new one.
Which is pretty sweet.
However, some policies take into account wear and tear, so if the TV was five years old, the policy will only pay out its current value – not the price you paid when you bought it.
If you’re claiming on the ‘buildings’ part of your policy, your insurer will pay out enough to cover the cost of the repair or rebuild.
Providing you’ve insured yourself enough to do so, of course!
Is Buildings And Contents Insurance Compulsory?
The short answer is, ‘no’, but if you’re applying for a mortgage, your lender will normally insist that you have Buildings Insurance at the very least – after all, they want to protect their loan.
But to be honest, whether you’re a homeowner or not, your home is your safe place, and it’s where you keep your most treasured possessions, so it makes sense to take out Home and Contents Insurance in order to protect them.
These are some of the most common questions that are asked about Buildings and Content Insurance, but it’s certainly not an exhaustive list!
If you have any other questions about Buildings and Contents Insurance, or want to get a Buildings and Contents Insurance quote, drop us a line and we’d be happy to help you find the right policy for you.
Your home may be repossessed if you do not keep up repayments on your mortgage.