If you are looking to buy your first home or perhaps move into a bigger property you might be wondering what insurances you need to have in place. This is particularly important if you are applying for a mortgage as many mortgage providers will require certain insurances before they approve your mortgage funds.
There are many different companies you can approach for insurance but consulting with an Insurance Brokers Bristol way such as Mark Richard is a good idea as they are able to search a number of different providers and look for the best deals for your needs.
In essence, there are two main insurances that you need to have as a homeowner. These are:
- Buildings Insurance – this covers any damage that occurs to your property structure as a result of an accident or environmental issues such as flooding. It is important that you check the small print of your policy to see if there are any exclusions. If you plan to move into a property that has previously suffered from flooding you may have to take out extra insurance or have an exclusion placed on your policy.
- Contents Insurance – this covers all of your furniture and belongings in your home. Depending on the cover of your insurance this can protect you from accidental damage as well as from theft. It can also cover items such as the food in your freezer.