Home Insurance
HOME INSURANCE
Protect your home
and belongings
Buildings insurance is a type of insurance policy that provides cover for damage or loss to the physical structure of a building. It is typically designed to protect property owners from financial losses associated with various risks and perils. In addition, contents insurance covers all the items in your home against theft, fire, flood and sometimes accidental damage.
Protecting your home if you are taking out a mortgage, is a condition of the lender’s mortgage offer, and it is really important to ensure that you have the right cover in place. Cheapest isn’t always best!
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If you are a landlord, it is very important that you have specific cover for the home you are renting out. This is often referred to as Landlords cover, and will ensure that the Building is protected, as well as landlord specific contents
How does it work?
The specific perils covered by buildings insurance can vary depending on the policy and the insurance provider. Common covered perils typically include damage or loss due to fire, lightning, explosions, storms, floods, vandalism, theft, subsidence, and sometimes accidental damage. Some policies may offer additional coverage for other risks, such as earthquakes or burst pipes.
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In the event of damage or loss covered by the policy a claim will need to be filed with the insurance company. The insurance company will assess the claim, possibly sending an adjuster to inspect the damage and estimate repair or replacement costs. Once the claim is approved, the insurance company will provide funds to cover the cost of repairs or rebuilding, up to the policy's coverage limits. The policyholder is responsible for paying any excess.
