Home and contents insurance is one of the most popular types of home insurance policies.
It covers property and belongings from damage caused by
And more!
Advantages of home and contents insurance
Peace of mind
Home and contents insurance can give you enormous peace of mind.
If something goes wrong, you’ll be protected, primarily if the terms of your policy are clearly defined.
This peace of mind could be essential if you’re a worrier. Or if you live in an area prone to flooding, storms or fires.
Protect against things out of your control
There’s immense practical value to having home and contents insurance. It gives you protection against the elements, such as flooding or storms.
This might seem especially important if there’s a high crime rate for burglary in your neighbourhood. Just make sure your policy covers this.
Higher likelihood of being granted a mortgage
Mortgage lenders want to protect their investment as much as possible.
They’ll sometimes require you to take out home and contents insurance. When you’ve got this policy in place, they’ll view you favourably.
This makes getting a loan and buying a house more straightforward and quicker.
Ensure your financial security
A home and contents insurance policy makes lots of financial sense, especially if you’ve got valuable items inside your house.
This decision makes you more likely to be reimbursed if something is stolen or damaged.
Likewise, damage to the property’s structure is costly. You may find it impossible to pay this off without an insurance policy.
The payment is relatively low
Paying for a home and contents insurance policy is not expensive, compared to the protection it gives you.
On average, data shows that you’ll pay £375 per year for this policy.
You also get lower premiums when you combine home and contents insurance. This seems like a fair investment when there’s so much on the line.
“New for old” cover
With contents insurance, you don’t necessarily only get money when an item is lost, stolen or damaged.
You can also get it replaced with new items of the same value.
This is an advantage which money alone can’t offer. Check whether this is included in your policy when you take it out.
