Protecting your home with combined building and contents insurance doesn’t have to be expensive if you look around and choose your policy carefully. You can take the contents and the buildings together, that is, combined insurance, or choose to buy them independently.
So what does the cover do? Contents insurance pays for the loss or damage to your belongings (furniture, clothing, televisions, anything that can be moved within the property) while the outside covering of your home, fixed features like the bathroom or kitchen and fences, walls (and often sheds and greenhouses) are covered by the building policy.
A combined building and contents insurance policy gives you the peace of mind that if a disaster were to strike, you wouldn’t have to find the money to pay for replacement or repairs.
So, with coverage for the exterior of your home and a policy for the contents, you will have the peace of mind of knowing that if damage occurs due to fire, subsidence, flood or any of the criteria established in the terms and conditions of the policy , not lose financially.
Combined building and contents insurance can often be purchased much cheaper by searching and comparing quotes collected from a specialist online. These brokers will be able to do the legwork for you and get quotes for you from some of the UK’s leading policy companies.
So how to get cheaper insurance? There are several ways. If you choose to pay more for the excess, you can often save on the amount you have to pay in premiums for the value.
And spending a little to make your home more secure can lower your home coverage premiums, since your property will be harder to break into and therefore won’t pose much of a risk.
When you take out contents coverage for your home, you will need to define a sum insured: this is the amount that the insurance company would have to pay in the event of a loss. The larger the amount you insure, the higher your premium will be, so be careful about this amount and don’t buy more policies than you need. However, with that being said, don’t under-insure either. Go through your house and take a complete inventory of each item; You’ll be surprised how much they all add up in value.
Also, never be complacent. If you don’t look around every year and see if you can get your policies a little cheaper, then you may well be paying a lot more than you need to.
One point to keep in mind is to never assume that items that are particularly expensive would be covered in a home contents policy. If you have questions about whether something would be covered, be sure to ask the provider before purchasing homeowners insurance.
Big savings can sometimes be made on combined building and contents insurance if you consider taking both policies together with the same policy provider. The policy company will sometimes offer additional coverage for only a small additional cost.