Do I Really Need House Contents Insurance?
Home contents insurance can be an expensive addition to your already over stretched budget, so you may ask yourself “Do I really need to insure my home?” While most mortgage lenders demand that you have buildings cover – for obvious reasons - contents insurance is not compulsory. For those who have doubts then consider how you would manage if the worst should happen and your contents were stolen or destroyed? How would you make repairs or replace items that were destroyed? The majority of people simply don’t have unlimited funds which would enable them to replace their possessions and make repairs. So before you think of skimping on home insurance just ask yourself that question. While no one likes to think that they could be a victim of fire or theft or similar, the unexpected does happen and while buying insurance won`t change the future, it can at least help you in your time of need. There are many types of policy and levels of cover which you can take out and if you shop around online you can get the best deal possible, with the cheapest premiums. Buildings insurance covers the main structure of the home and any fittings and fixtures which are permanent in your home such as your fitted kitchen.
Contents insurance covers the rest, protecting your possessions against loss, fire or damage. Both of these insurance policies can be taken out separately or you can make savings by taking out a combined building and contents insurance policy. If you are considering taking out both then this is by far the best way to buy them. Shop around online or get a specialist broker to do the hard work for you and get quotes from a wide range of insurer, as the premiums will vary from company to company, often by a couple of hundred pounds for the equivalent cover. As with all policies you should always read the small print and make sure you understand what is and is not covered by your policy.
Always make sure you understand what the exclusions are so you can ensure that you are adequately protected.
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