Home Insurance

Building vs. Contents Insurance: Building insurance covers the structure of your home, while contents insurance protects your belongings. Many policies offer combined building and contents coverage for comprehensive protection.
 

Rebuild Cost: For building insurance, make sure your policy covers the full cost of rebuilding your home in case of major damage. This is often different from your home’s market value.
 

Contents Value: Accurately estimate the value of your belongings for contents insurance. Underestimating could leave you out of pocket if you need to make a claim, while overestimating could increase your premium unnecessarily.
 

Accidental Damage: Check if your policy includes accidental damage cover, or if it’s available as an add-on. This covers unforeseen events like spilling paint on the carpet or damaging electronics.
 

Flooding & Subsidence: If you live in an area prone to flooding or subsidence, you’ll want to ensure your policy covers these risks. Some policies may require additional protection for these issues.
 

Personal Possessions Cover: Consider whether you need extra coverage for personal items taken outside the home, such as laptops, jewelry, or bicycles.