Home Insurance – Different Types
Buying a house is an exciting time for anyone, but the fact is that there is a lot of paperwork and red tape to get through before you can even think about setting foot in your new home!
Insurance is one area that potential homeowners should be thinking about – it’s all very well having a house, but looking after it and protecting yourself against damage is extremely important. After all, they say that your home is your castle and as you have invested a lot of money in it you should make sure that you don’t end up paying out more than you need to.
Buildings insurance is actually compulsory and is required by law. This isn’t something you can just skip so it’s best to do your homework and make sure that you’re getting a good deal and that you are adequately covered. If you’re not, you may regret it in the long run. Buildings insurance covers the structure of the house; this means its foundations, walls, roof – basically, anything that’s attached. This also includes permanent fittings like built-in wardrobes and bathrooms or kitchens. Buildings insurance covers things like damage to your home due to fire, storms, falling trees and burst pipes.
Contents insurance isn’t required by law, but it is just as important as buildings insurance. After all, if your home is burgled then have a quick think about how much it would cost you to replace all of your prized possessions – electrical items and furniture can be costly, not to mention all of the smaller items, like DVDs or kitchen items, which all add up.
You can get really good deals on home insurance that cover both buildings and contents insurance. In many cases, providers such as http://endsleigh.co.uk will offer you a discount if you take out both insurance policies with them – working out much cheaper in the long run.