With so many home insurance products available today, finding the best value policy to suit your unique needs can prove difficult. Some companies base their premiums and benefits on the type of property you own, the number of bedrooms, the area or the amount of cover required, while others can include costly extras that may not always be relevant to your circumstances.
Whether you are purchasing a new property, remortgaging or your existing policy is up for renewal, it is worth contacting us for some simple and straightforward advice. We are also experienced in arranging specialist insurance for both landlords and tenants.
Home insurance falls into two distinct products:
- buildings insurance
- contents insurance.
If you have a mortgage, your lender will normally insist that your property is protected by buildings insurance. This normally covers loss or damage to your property from many causes, including fire, floods or subsidence (although it is worth checking before you purchase any property whether it is located in an area susceptible to flood, as this can affect insurance availability and/or premiums). If you purchase a leasehold property – such as an apartment in a block – the freeholder may have arranged buildings insurance for the whole block, in which case you would not have to arrange your own cover.
Contents insurance covers the loss of or damage to the contents of your home. As well as items that remain in your home, such as furniture, most policies can also cover items which are regularly taken outside such as cameras, jewellery and handbags. All policies offer slightly different levels of cover, but generally you’ll be covered against theft and fire and have the option to insure against accidental damage.
Please note that home insurance is designed to cover certain unforeseen events and does not cover everything. It does not cover things like general wear and tear or damage that happens gradually over a period of time. There is also an excess on each claim.
dot financial services is a trading name of Townends (Financial Services) Limited, which is an appointed representative of Legal & General Partnership Services Limited which is authorised and regulated by the Financial Services Authority for advising on and arranging mortgages and insurance.
For insurance business, we arrange policies exclusively from Legal & General.
