We can search through a range of policies to find the one that suits you best from our selected panel of insurers. So leave the ‘shopping around’ to us and we will source the best cover and price for you.
Freehold - If you have a mortgage on a property your lender will insist that your property is protected by buildings insurance. This covers their own security as well as your own. It usually pays out if your property if destroyed by fire, floods and subsidence (although you will need to check if your property is in a flood plain). Damage to fixed fittings such as baths and kitchens are often included, as well as sheds, greenhouses and garages. Your cover is based on what your home would cost to rebuild it. Your belongings are not covered.
Leasehold – such as flats in a block, the freeholder may have arranged buildings insurance for the whole block, in which case you will not need to arrange your own buildings insurance, you will pay the freeholder a percentage per annum towards the buildings insurance.
Extra benefits may include:
- Accidental Damage Cover
- No claims discount
- Legal liability
- Metered Water
- Costs for alternative accommodation
You will need to tell your insurer if you extend your property, build a loft conversion, or add on a conservatory as this will change the original policy.
The most common, cost effective way to have buildings insurance is to have a joint policy of Buildings & Contents insurance, but each insurance can be arranged on a standalone basis.
It is always vital that you thoroughly read and understand the full policy terms and conditions. There is also an excess on each claim.
This covers the loss of or damage to the contents on your home, this includes your furniture, electrical goods and other items within your home. Different policies offer different levels of cover but generally you will be covered against theft and fire. You have the option to insure against damage you may cause by accident. If not already covered by your contents insurance, you may want to consider adding travel insurance for loss or damage to your personal belongings whilst travelling.
Your policy will pay a maximum on single items. You will need to specify the value of the contents. Some companies have limits on the value of any one item under the general policy, so you will need to specify individual items such as expensive jewellery or electrical equipment.
Level of CoverSome contents insurance policies offer NEW for OLD – replacing old damaged appliances and possessions with new ones when claimed. Bear in mind that the premiums may increase the following year, or the insurer may refuse to cover you for the same risk if it happens more than one. Extra benefits may include:
- Accidental damage
- Credit Card Fraud
- Deeds and personal documents
- No Claims Discount
- Domestic outbuilding contents (other than garage)
- Door lock replacement
- Freezer cover
- Garden furniture
- Jewellery and furs
There is also an excess on each claim.