Home and contents insurance
Contents insurance covers the financial cost of repairing or replacing your
household personal possessions and furnishings, such as furniture, curtains,
stereo, TV, white goods, computers and other electrical appliances, jewelry,
clothing, sporting equipment, and even toys.
This insurance covers household items belonging to you, and to family members
who live with you. It may also include items such as sporting gear and motorized
wheelchairs but do not include items permanently attached to the building or
insured address or portable items you might take outside your home.
You can take out extra cover to protect things like your jewelry, cameras,
mobile phones and sporting equipment (but not when in use) from accidental loss
These policies don’t usually include cover for items friends or visitors bring
into your premises unless you list their names on the policy.
However, contents insurance is suitable for homeowners and renters. It can be
purchased as a stand-alone product or bought in combination with home insurance
as a home contents policy. Renters can also purchase low-cost renter’s insurance
If you are a renter or tenant, your possessions are not covered by your
landlord’s insurance policies.
Who needs it?
With the building insurance, you will be protected if the unexpected events such
as theft, fire, and storm happen to your home, the most important which is your
asset. You will need a building insurance if you own your own home just in case
it needs a repair from damage.
It’s usually a condition of your mortgage and, if you’re a landlord, it’s your
responsibility – not your tenants. Although it’s not compulsory if you own your
own home this sort of insurance should be a top priority.
What does it cover?
It covers what it costs to rebuilding or repairing your home if it’s damaged.
Policies vary from one insurer to another in exactly what events you’re covered
for, but generally speaking, you’ll be able to claim if your home is damaged
• Natural events such as storms and floods
• Fire, smoke, explosions
• Falling trees
• Car and lorry collisions
• Water damage from leaking pipes
• Oil leaking from your heating system
It may also cover other structures around the home such as garages, fences,
outside walls and driveways depending on the type of policy you get.