Buildings & ContentsBuildings insurance usually covers the structure of your home and any fixtures or fittings
Buildings insurance usually covers the structure of your home and any fixtures or fittings, garages, drives, fences, walls, out-buildings, swimming pools and tennis courts
Insurance cover includes the cost to repair or rebuild your home if it is damaged to a set rebuild cost although some insurance companies have an unlimited level of cover . Standard cover is new for old and applies to specified perils. i.e. fire, lightning, earthquake, storm, flood, burst and leaking pipes, theft, vandalism, collision by vehicles, aircraft and animals, falling trees, subsidence, heave or landslip.
Cover can be on either a standard basis or an accidental damage basis
What is contents insurance
Contents insurance is cover for your household contents, i.e. furniture, carpets, curtains, television, , kitchen equipment, ornaments, personal possessions, clothing, computers, etc. It is the total value of everything that is in your home that you would take with you if you were to move. The contents value does not include items included in building insurance e.g. fitted wardrobes and fitted kitchens. A contents value of £20,000 is the minimum amount for most household contents insurance policies and is insufficient for most people. A likely average is £40-50,000.
With most contents insurance there is the ability to insure your personal possessions away form the home. This optional cover allows you to insure your personal items normally worn or carried outside the home, e.g. watches, jewellery, cameras, anywhere in the world for up to 60 days a year.
Contents cover can be on either a standard basis or an accidental damage basis.