Home Insurance
There are two types of household insurance - buildings and contents. They are separate entities but can normally be bought together, usually with a discount.
Buildings Insurance
Having buildings insurance is not mandatory when taking a mortgage but it is advisable when taking a mortgage for a safety net, regardless of whether you’re buying a property or re-mortgaging.
Insuring your property and contents is important. Imagine having to rebuild your property or replace all of your contents following a flood or fire.
Contents Insurance
Contents Insurance covers the loss of or damage to the contents of your home. This includes your furniture, electrical goods and other items within your home. Some policies cover you for items you take outside, for example cameras, jewellery and briefcases.
Different policies offer different levels of cover but generally you'll be covered against theft and fire, and have the option to insure against damage you may cause by accident.