Home InsuranceProtect Your Most Valuable Possession with Home Insurance

Whether you are a homeowner, a landlord or you are renting, it is important to ensure that your belongings are protected. There are a variety of product types that enable you to pick and choose your level of coverage, and Simply Finance can help you to find the one that is right for you. If you own a property, it is advisable to take out a Buildings Insurance policy to cover it against damage caused by fire, floods and other extreme weather conditions and subsidence. Most mortgage providers require you to have this cover before lending to you, such is the financial loss they would suffer if your house was damaged before the full loan repayment had been made. More info

When you are living in rented accommodation, the building will already be insured by the landlord or the rental company but you are responsible for insuring your belongings in case of theft or damage. Unlike Buildings cover, this is voluntary but without it you would have to foot the bill yourself in the event of a burglary, which could run to thousands of pounds. Insurance companies offer a policy for this known as ‘Contents’, ‘Possessions’, ‘Renter’s’ or ‘Contents’ insurance. This covers all of the contents of a home such as furniture, carpets, electrical items like the television, hi-fi system and fridge, and all of your clothes. Are you renting out a property? Although the tenants are responsible for their own contents when they rent your property, it is advisable to have cover for the communal furniture, carpets and white goods (fridge, washing machine etc.) in case of accidental damage. Although neither this nor buildings cover is obligatory if you own your property outright, you will usually be required to have comprehensive buildings cover if you have taken out a mortgage on the property. Less