Simply insuring your home building is not enough to save you in case of any natural or man-induced calamity. There are several home insuring options that offer specialised cover for your specific needs and you need to consider all such options before opting for a policy that forms a safety cocoon around you and your home.
There are several types of insurance covers that can help bail you out in case of any natural disaster like floods, fire, earthquake, etc. or any man-made problems such as burglary, intentional damage to property, etc. While you should surely insure your building for fire and flood damage, you should also insure the contents in your home. These could be furniture, valuable art pieces, money, credit cards and various electrical and electronic appliances including TVs, computers and kitchen appliances. You can also insure your home boiler and some insurers offer regular boiler inspections by qualified technicians. You can insure your garden as well around your home by paying an extra premium.
In addition to physically insuring your property and its contents you can also insure your mortgage payments so that you remain safely protected in case you are unable to make future mortgage payments due to an accident, sickness or due to unemployment. Some insurance providers also offer life insurance with such policies and if you get a decent discount on such plans then you can certainly opt for it. If you are a landlord that has rented out your property then you can still insure your home against damages caused to it by natural causes and by your tenants too. You can also get public liability cover in your landlord policy so as to avoid getting sued by your own tenant.
In case you plan to build your own home or renovate it then you can again opt for matching cover through an efficient insuring company. All your building equipment can be insured in such a policy along with public liability cover too. If your home is located in rural settings or if you reside in a farmhouse then you can opt for thatch cover. Such a policy will help you get the right cover for your thatched dwelling along with livestock and pet cover too. If you have purchased a holiday home in another European country then you can also get your holiday home insured so that you can rest in the UK without any worries.
Once you know about the various sub-sections available in home insurance cover then you should match them to your needs. There is no point in spending large amounts of money in buying cover that does not apply to you even though an over-zealous agent or insurer might try his or her level best to convince you to do so. You should also try to club together various categories of cover into a single policy if possible so as to get the maximum discount possible. In addition, you can also try to get your business and your cars insured with the same company if possible to get additional discounts.
Instead of only going in for basic home insurance cover or trying to cover all unwanted categories, you should opt for tailor-made cover of specific categories related to your type of home. There are several insuring companies that will understand your needs and offer a customised policy to form a safety cocoon around you and your home.
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