Buildings & Contents Cover

Buildings insurance is designed to protect the physical structure of your property, which includes the walls, roof, floors, and permanent fixtures. While it cannot prevent unforeseen damage like fire, flood, or vandalism, buildings insurance provides a financial safety net in case something unfortunate happens to your property.

Contents insurance focuses on the items inside your home. This includes furniture, electronics, clothing to mention a few. Contents insurance provides financial coverage for replacing or repairing these items in the event of damage or theft.

Buildings insurance covers the cost of repairing or rebuilding the structure of your home in case of damage caused by an insured peril, fire, lightning and flood to mention a few. Building insurance typically covers any permanent structure or fixture you would leave behind if you were to move out.

Contents insurance typically covers anything that you would take from your home if you were to move house. The coverage can vary, so it’s important to check what is specifically included in the policy. Some policies may also provide additional coverage for items taken outside of the home, like laptops or jewellery, Items of value and collectables even pedal bikes are not always included, and this should be discussed with your provider.

Whilst it is a legal requirement to have buildings insurance in place when your property is mortgaged and for the cover to stay on risk for the full term of the mortgage, contents insurance is not mandatory.

However, it is worth considering if you could financially afford to rebuild your house or replace all your contents. Having the correct buildings and contents insurance in place, and being sure not to underinsure yourself, means that you are protected in the event of unforeseen circumstances to avoid potentially putting yourself in a financially vulnerable situation.