House Insurance: An introduction and guide

Your house and all that it contains can be your most prized possessions, so having house insurance is essential

12:45 13 December 2012

Without having house insurance in place you risk losing your house and/or many things that you have worked so hard to afford to buy. We all make use of the January sales where sofa or furniture prices are slashed, so if a fire was to happen in your home, or if you were burgled, your best to have cover in place through a house insurance policy.

 

It is worth noting that for insurance premiums, house insurance companies can offer additional cover, with accidental damage being a key example.

 

There are two types of house insurance cover available. One is building cover and the other is content cover.

 

Building Cover

 

This insures a home owner for the actual structure of the house. It includes permanent fixtures that may be installed in the house, such as a fitted kitchen, as well as the roof, any walls and also windows in the property.

 

In the event of a flood or storm, or even a fire, house insurance can cover you. So for instance, you don’t have to afford the costs for damages incurred from a leaking pipe or a tree branch falling on your house.

 

Content Cover

 

Some people only need to pay house insurance premiums that cover contents. In most cases, people who rent property off landlords tend to look at content insurance, as the building will be covered by the owner of the property, not the tenant.

 

House insurance policies that cover contents account for loss, damage, and theft. Cover can be taken out for contents in the incident of a fire, flood, or natural disaster such as an earthquake, so you have peace of mind.