Price is important when choosing home insurance, but it’s not the only factor to consider. There are many different types and levels of cover that might be important to you. So, whether you want to renew your policy or are moving into a new home, take the time to consider all the different options available to you when it comes to insuring your property.
First of all, you’ll want to make sure that you have the right level of buildings insurance to make sure that you are financially protected should something terrible happen to your house, such as a fire, a flood or a falling tree. If you live in an area that is prone to natural disasters like floods or fires, then you will need to make sure that you are still covered by insurance; you might need to pay a little extra to get the right cover.
Damage to or Theft of Contents
Don’t forget that buildings insurance alone won’t be of much to use to you if your home itself is fine but the contents inside are damaged or stolen. The easiest way to estimate the value of the possessions in your home is to do a room-by-room inventory and decide which items must be covered. And, make sure that you accurately estimate how much your possessions are worth; you could end up out of pocket if you need to make a claim and have underestimated the value of your belongings.
Trace and Access
Burst pipes and water leaks can cause a lot of damage to your home, and the good news is that the cost to repair the damage caused by these will usually be covered by your home insurance policy. But not all policies will cover the costs associated with detecting and exposing the source of a water leak. So, you may wish to go a step further and add ‘trace and access’ cover to your policy to make it easier to identify any sources of water damage and prevent it from happening again in the future. This cover is designed to reimburse you for the cost of detecting and exposing a water leak. You can learn more about trace and access services and how the process works at Pinpoint, a specialist trace and access company.
A basic home insurance policy will typically cover accidental damage to the building – for example, if somebody crashed their car into your home or if you caused damage to drains and pipes while cleaning. If that’s not enough, you will be able to pay extra to have a greater level of accidental damage cover; you can usually choose what you would like to be covered from certain types of accidental damage to any accidental damage that could possibly happen. A basic contents insurance policy will also usually cover you for any accidental damage to your home’s contents including electronics and furniture. However, it’s important to be aware of any exclusions, as policies often exclude damage that is sustained during repairs, cleaning or general wear and tear.
Whether you’re moving home or just want more financial protection for what could potentially go wrong, there are many different options to consider when choosing a home insurance policy and it’s often worth paying a little more for that extra peace of mind.
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