< Back to blog

The importance of home insurance Posted On 12 June 2019

Home Insurance

Your house and possessions are more than likely your most valuable asset, so it is important to protect these

It’s important to have the correct home insurance and to understand the benefits having it brings. Homeowners insurance is a form of property insurance designed to protect an individual’s home against damages to the house itself or to the possessions in the home.

In fact, some mortgage lenders may require you to have home owner’s insurance before lending you the money. This is due to the lender wanting to ensure that their financial investment is protected. The standard homeowner’s insurance policy helps to provide protection for your house and typically extends to more than the physical structure of your home: including your personal belongings, the rear garden and even the shed, which more than likely doesn’t often get used!

Home insurance can also help to pay to replace personal belongings, which includes furniture, electronics and even personal possessions, which may have been stolen or damaged due to accidental damage such as spilled paint or a water leak.

If in the event of a fire or another risk, the homeowner’s insurance may also help to pay for temporary living costs, such as hotel bills. This cover doesn’t prevent any damage to the property, but it does help provide a financial safety net if something unexpected was to happen.

Events such as house fires, storms and damage to the roof are all things in which can happen at any point: these things are unexpected which no-one can prepare for, which is why having home insurance will at least put your mind at rest, should anything like that happen to you.

And whenever you take out any insurance, it’s vital to ensure that you get the right cover for your needs. Never assume that all elements are covered such as accidental cover – always check the small print.

The easiest way to find the best deal is to use a price comparison site. Ensure you get the best cover for the best price. Undervaluing your contents will leave you uninsured, while overvaluation will spell unnecessary costs on your cover. Go from room to room and ensure you write down the valuation of each item, even those that you think are not important, such as the spare fridge freezer in the garage or the bedroom television that you only watch occasionally. This will allow your cover to be as accurate as possible.

< Back to blog

Connect with us

Recent Posts

Removal company or brave it yourself?

Utilise your Stamp Duty Holiday saving and treat yourself to a proper removal company for your next move.   You’re excited about your new home and location but the process of packing, organising and actually moving all of your items is something no-one really ever looks forward to. Not only that but you also have …

Read more...

House prices rise to record high in mini house-buying boom

Last month, house prices hit a new all-time high as the Stamp Duty Holiday boosted buyers enthusiasm   The average price of a home was £241,604 in July, which was 3.8% higher than July 2019. These figures from Halifax mirror those from the Nationwide Building Society and show demand is up for properties, which has …

Read more...

Creating an approachable – and appropriate – front garden for sale

When selling your home, first impressions count, so you need to ensure your front garden will entice potential buyers – and not turn them away   After lockdown, garden space has become the number 1 thing families are looking for when buying a new home. The good news is that you don’t need to spend …

Read more...

Create your own hidden hideaway

Whether you want to entertain guests, top up your tan or have a water fight with the kids, it’s nice to have a private outdoor space which you can relax and enjoy without the peering eyes of your neighbours   As we’re all spending more time in our gardens, whether that’s to the front, side …

Read more...

The Need for Speed!

Over lockdown, with more people working from home, the need for good broadband speed and reliability is no longer a nice-to-have, but a MUST have for lots of people.   We’ve all been there recently. Your kids are watching YouTube videos or gaming, the husband is streaming the football, your daughter is on Facetime with …

Read more...