Did you know that it’s a legal requirement to have a Buildings Insurance policy in place if you have bought your property with a mortgage? This also needs to be in place before you exchange contracts on a new home.
Buildings Insurance is essential to protect your home in the event of damage – from fire, flooding, vandalism or other unforeseen circumstances.
While this covers the structure and the fixtures and fittings within your property, taking out Contents Insurance will also give you peace of mind should your possessions fall victim to damage or theft.
Every property and homeowner is different, so it’s important to get the right insurance policy.
Whilst it may not be the most riveting of reads, its essential you check your policy schedule to ensure you completely understand not only what is included in your policy but also what might be excluded.
Every household is unique, and what benefits your neighbour may not necessarily benefit you. Here are some key points to consider when choosing a policy:
Many insurance companies promote their Home Insurance products based on price. While it might be tempting to go with the cheapest premium you can find, it may not actually provide the right level of cover for you and could include hidden excesses. Insufficient cover could leave you significantly out of pocket when you need to make a claim.
Just like the hotel industry, many Home Insurance policies are star-rated based on the quality of cover provided. This star system is operated by independent research firm Defaqto.
One or two-star products will offer simple, basic cover. A four or five-star product will deliver higher levels of cover, with additional benefits.
While the internet may seem a quick and easy way to arrange Home Insurance, you need to be careful. Many websites apply default settings to generate the cheapest quotes. However, these default settings may not be right for you and the level of cover you need.
Whether you are moving home, a first-time buyer, landlord or just wish to review your existing policy, Edward Mellor’s 5-star Defaqto rated insurance service can tailor a plan to your specific requirements and compare to your current insurance policy in minutes.
Ring us on 0161 443 4830 or click here to make sure you have the right policy for you and your home.