Home insurance can be expensive, especially if your budget is already tight, so you may wonder, "Do I really need to insure my home?" Most mortgage lenders require you to have buildings insurance, but you don't have to have contents insurance.
Those who aren't sure should think about what they would do if the worst happened and their things were stolen or destroyed. How would you fix things that were broken or replace things that were lost?
Most people don't have an endless supply of money that would let them buy new things and fix things that break. So ask yourself that question before you decide to save money on home insurance.
Even though no one wants to think about being a victim of fire, theft, or something similar, it does happen. Buying insurance won't change the future, but it can help you when you need it. You can get many different kinds of policies and levels of coverage, and if you shop around online, you can find the best deal with the lowest premiums.
Buildings insurance covers your home's main structure and any permanent fittings and fixtures, like your fitted kitchen. The rest is taken care of by contents insurance, which protects your things against loss, fire, or damage.
You can get both of these types of insurance separately, or you can save money by getting a policy that covers both the building and the things inside it. This is by far the best way to buy both if you are thinking about doing so.
Shop around online or hire a specialist broker to do the hard work for you and get quotes from a wide range of insurers. The premiums will vary from company to company, often by a couple hundred pounds for the same coverage.
As with any policy, you should always read the fine print and make sure you know what your policy covers and what it doesn't cover. Always make sure you understand what the exclusions are so you can ensure that you are adequately protected.
