Home Insurance Facts You Should Know

Home insurance, often termed as homeowner’s insurance is a policy which covers private residences. There are a number of pointers associated with the home insurances which include loss or damage of any expensive possessions of the home and accidental coverage protection for the loss occurring to one’s home. Summing up, we can say home insurance is a policy which protects your house from the hands of any damage caused by robbery, fire, natural disasters or any other unfortunate circumstances.

Home insurance comes in many types. It depends on your preferences and also on how much you can afford.  Here are some thoughts from https://money-mate.co.uk that you need to consider.

Types of Home Insurance

1. Building Insurance

It covers the entire property, right from the interior to the exterior including the porch, garage and garden houses. If you face severe damage with the interiors of your home including the bathroom and the bedroom, the building insurance is there to cover you up.

2. Contents Insurance

This insurance policy is designed to keep your belongings safe from being damaged or looted. You can select which of your belongings you want to insure.

3. Landlord’s Insurance

It insures and maintains the house which you have put up for rent. But there are certain criteria attached to it as this policy is not designed like the standard building insurance.

4. Tenant’s Insurance

This is an insurance policy which is signed by the tenants especially when they are renting out a flat or a house. By this the landlords make sure that the contents inside the house are protected from being damaged.

5. Listed Buildings Insurance

This kind of policy is available only if the property you possess is of historical significance or is culturally important. Not to mention, it comes with certain restrictions on which part of the building is to be covered since repairing the entire property will cost you a fortune.

Apart from that, there are other insurance policies like high-value home insurance and holiday home insurance. Talk to your insurance agent today to know more about them.