Insurance
Theft, Fire, Flooding! No-one likes to think of
these things happening to their home,
but they are
all a reality which we face everyday.
A lender will usually stipulate
as a mortgage condition that adequate buildings
cover is in place before any money is issued,
however, contents insurance is purely for your benefit.
All things considered though, you have worked
too hard to build up an array of personal possessions,
to loose them in one foul swoop.
Therefore, it is essential that you also adequately protect
your possessions.
 |
Buildings |
This covers the
bricks and mortar. As a rule anything that
is attached permanently to the structure
or is part of it would be covered by the
buildings insurance. You may need to get
a ‘rebuild cost’ to determine
the amount of cover required although some
policies use numbers of bedrooms.
|
| |
Contents |
This covers all
the contents of your property against certain
risks such as theft, flooding, accidental
damage. A lot of people will under-estimate
the value of their contents so think carefully
about how much it would cost to replace everything
you own (remember clothes etc.)
|
| |
Personel
possessions |
Covers your possessions
when outside of the property. Examples of
the sort of things you may want to ensure
are covered would be watches, lap tops, jewelery
etc
|
|
