Home Insurance

Home insurance is one of the most common types of insurance product, and anyone who has a home will be familiar with it. Home insurance is usually contrasted with contents insurance, which is a related but different product.

So what is home insurance? Well, this product is also sometimes referred to as homeowners insurance, and it covers the bricks and mortar of the house. Events covered typically include things like weather damage or fire. This is sometimes called building insurance. This is contrasted, as mentioned above, with contents insurance, which covers the actual belongings inside the house from various hazards like damage or theft. These two products are often bought together at a reduced price.

When you take out a mortgage, it will typically be a requirement from the mortgage lender (bank or building society) that you have building insurance cover in place - this is because it will protect their investment. If you rent, then you would typically be more concerned with getting contents insurance to protect the contents of your home; the landlord (as the owner of the property) will be responsible for the building's maintenance, so they should be ensuring that the property has buildings insurance.

Home insurance is a product that is offered by a huge number of insurers, so it will pay to do your research before deciding who to go with. With so much information out there, then it can be instructive as a first step to use a comparison website to start sorting out a few companies that you are interested in for the level of protection they offer and their price, then drilling down into those in more detail before making a final informed decision on who to go with.

Related Articles...

Pet Insurance People love their pets - whether you are a cat lover or a dog lover, or prefer something like a rabbit, a guineapig, snakes, hamsters or indeed any animal that you can think of, then pet insurance... Reinsurance The concept of 'reinsurance' is quite an interesting one. It comes down to the same sort of logic as 'who will guard the guards?' - in this case who will insure the insurers. The answer is, other... Payment Protection Insurance Until a few years ago, not many people would have heard of Payment Protection Insurance, commonly referred to as PPI. Now it is almost inescapable, with TV adverts and text messages bombarding... Van Insurance Most people know about car insurance, but what about van insurance? Clearly if you drive a van then you need to know about van insurance. There are various different types of van insurance which... Contents Insurance Contents insurance is a type of insurance product that covers the items that you have - the contents - of your home. There are a range of different providers of contents insurance out there on... Income Insurance Income insurance is sometimes referred to as income protection insurance. As the name suggests, this product is focused around what you earn from work. This type of policy is something that will... Prize Indemnity Insurance Prize indemnity insurance is a purchase that would be considered by someone offering a large prize and thus could stand to lose a considerable sum of money. This form of insurance would mean that... What Is Insurance? What exactly is insurance? It sounds like a very basic concept, but it is important to know what insurance is, in order to work out why insurance is so essential to modern-day activities, and why... Bicycle Insurance Bicycle insurance, as with all insurance products, gives you a way to deal with the risk of having something happen to your bicycle - depending on the product you choose - and therefore having the... Health Insurance One of the most common insurance products is health insurance, a broad umbrella category that covers any sort of insurance product that helps an individual mitigate against the expenses that are...