Protecting your possessions with home contents insurance is essential as you could lose everything if the worst scenario should arise and your home is damaged by fire, flood or some other disaster, or you become a victim of burglary.
Home contents insurance protects everything in your home from clothing to furnishings to ornaments and DVDs and many policies offer cover for some of your personal possessions outside the home too (up to a set limit).
You can also choose to take out cover for accidental damage - say, maybe you break you crack the screen on your television by accident or you mislay a pair of spectacles and promptly sit on them!
Things like damage to the actual structure of the home and fixtures and fittings would be covered under a buildings insurance policy.
Home contents cover insurance pays for loss or damage to your belongings as well as furnishings while the bricks and mortar of your home, (and often fences, sheds and greenhouses) and fixtures, are covered by buildings insurance.
Both policies would provide enormous relief if the worst should happen and you had to replace a vast majority of items.
Getting a good deal
Though you have two main choices of cover, household contents insurance, and buildings insurance, you can buy them separately or as a combined package. Often you can get a better deal by purchasing a combined household insurance policy.
Shop around for your cover - or let a specialist broker do it for. Quotes you have found with a specialist website will often lead to you obtaining both contents and building cover at a low cost.
If you opt to pay a higher excess (ie a further amount on top of the standard excess), you can often save on the amount you have to pay as, in effect, you are spreading the risk with the insurer.
And spending a little time on making your home more secure can reduce how much you pay for in premiums as your property as your insurer will reward you for making your home less likely to be broken in to.
It is essential not to underinsure when taking out your home insurance as, should you ever need to make a claim, you may not get back the full value or your home and / or belongings.
Take an inventory by carefully going from room to room when deciding how much insurance you need for your contents. Note the value of everything down from the smallest items up to the largest. You may well be surprised just how much they tot up to in value.
Check to make sure what your policy actually entails as there may be exclusions that would prevent you from making a claim. While the terms and conditions might be boring, you do have to take your time to look them over. If not then you could be under the impression you have cover for something when you do not and would not be eligible to claim.
And, of course, remember that when comparing policies always do so on a like-for-like basis.
To sum it up, buildings cover and home contents insurance are essential to all homeowners as, if the worst should happen and you have to totally rebuild your home or replace the contents and you are not covered, it would be a total disaster. It would be hard enough losing memories in your home without facing the expense alone too.
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.
Article Source: http://EzineArticles.com/?expert=David_H_Thomson
1 comment:
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