As most people are aware, a home is an investment. Indeed, for many it may very well be the single most expensive asset they will ever own. As with any investment, it is necessary to protect and safeguard it against any unforeseen circumstance which should arise. Although the prospect of finding the right insurance may seem daunting for whose without experience, understanding the basics of household insurance is not as difficult as it may appear. Below are the two main types of cover offered by home insurance:
As the name would suggest, buildings insurance covers the physical structure itself. This policy is naturally affected by the land on which the structure is built, the type of materials used in its construction and other variables such as if the house may lie within reach of a river or coastline making it prone to flooding. When applying for this policy it is therefore recommended to contact a provider with specialist knowledge in the area such as Livingstones.
The second type of insurance available is contents insurance. This policy covers the entire contents of the home or structure itself. The obvious benefit here is that should the owner have valuable possessions within the house, even if the structure itself is damaged, buildings insurance alone will not necessarily cover the value of the contents. We understand that a home is defined by more than simply four walls and a roof so our aim is to give you the best level of protection at an affordable price.
Notwithstanding these two categories, emergency insurance is another area which a homeowner may opt to include within an existing policy. This may help mitigate any financial losses associated with natural disasters such as fires or floods.
In a perfect world, such unfortunate events would never arise, however for when the worst happens it is important to know that your home insurance can provide you with valuable peace of mind. Speak to our friendly and experienced team about how we can find the perfect policy for you.