Personal Insurance

The Types of Home Insurance

Looking for home buildings or contents insurance? 
Confused by the different policies and different types of cover?
Confused by some of the terms used in the insurance small print? - as they say "the devil is in the detail".
Confused as to how to set your sum insured?
Confused as to whether to have a bedroom rated or sum insured policy?
Ring Julie on 0116 284 6094 for  personal help and advice on your home insurance.

Home Buildings Insurance

This covers the fabric of your home.  You should insure your home for the rebuilding cost and not the current value.  The rebuilding cost can be higher or lower than the current value, and would depend upon the construction of the premises, the area, the age of the building etc. 

Buildings insurance would usually cover you for damage to you buildings following the following events:-
Fire,
Lightning
Damage by aircraft
Explosion
Earthquake
Storm
Flood
Burst Pipes
Impact
Damage by falling trees
Subsidence damage to your building
Damage to your building caused by heave
Accidental damage to pipes and drains, cables, underground tanks
Accidental damage to sanitary ware (e.g. toilets, baths, sinks, showers etc)
Accidental breakage of glass
The cost of temporary alternative accommodation

To check your sum insured click here

Home Contents Insurance

This cover is to protect the contents of your home and would usually cover you for damage caused by the following events
Fire
Lightning
Damage by aircraft
Explosion
Earthquake
Storm
Flood
Burst Pipes
Impact
Damage by falling trees
Theft
Accidental damage (usually an optional additional cover)
Freezer contents
Business equipment (only covered on some policies)
Garden Trees & Plants (only covered under some policies so please ask us for advice)
Replacement locks
Contents of sheds and garages (there are limits on most policies so please ask us for advice)

Optional extras

The following covers can be added to most policies as an optional extra cover:-

Personal possessions cover to cover items that you take out of the house (e.g. jewellery, laptops, musical instruments etc)
Money cover
Credit card cover
Bicycle cover (away from the home)
Travel Insurance
Home Legal expenses cover, which can cover you for legal action for such things as employment, dismissal, medical injury, property disputes etc.

 

 

The Consequences Of Under insuring

Many guess the rebuilding cost of their home or the value of their household possession and jewellery and they get it wrong.

A large proportion of households in Britain are under insured.

If there is a claim on the policy the insurance company may reduce the value of their settlement in line with the level of under-insurance. The table below shows what happens:

 

 

 

 

 

		Policy Sum insured	£30,000	Correct replacement value	£60,000	Under-Insured by	£30,000 = 50% approx

Burglary occurs, involving theft of household effects and jewellery

Total claim - £10,000

Insurers calculate payout on basis of under-insurance:

That is: (£30,000/£60,000) x £10,000 = £5,000 approx

To avoid this happening to you use our Replacement Cost Checklist.

To offer you a quotation we do need a more detailed breakdown of your contents. Please click here to contact us by email.

 

Please ring us if you require any advice on 0116 284 6090 and ask for Julie or Sashi.