Buildings and Contents Cover

Your lender will insist that buildings insurance exists before they release the money as they have a lot to loose if the house burned down. This is the only cover that is compulsory. Contents cover, as with all of the above plans, is up to you. Most people do not wish to take the chance of losing everything should their home burn to the ground.

There are many different levels of cover and it makes sense to choose the cover you require rather than just covering everything whether you need it or not as obviously this can be expensive. Some examples of these choices include whether you require accidental damage cover or cover for items away from the home. The premiums will be based on the post code of the property or the rebuilding costs or in some cases now the number of bedrooms is taken into account.

Many insurance companies will offer you a discount depending on the security at the property, this could be a serviced alarm or certain locks fitted to windows and doors.
You may also receive a no claims discount if you haven't made any claims in the past.