Monday, August 29, 2011

Home Insurance Guide

Posted by Muhammad Ashraf at 7:49 AM
They say home is where the heart is, a place to start a family or our own personal space. For most people our home will quite possibly be the most expensive commodity we will ever own. Add to that our collection of belongings that we will accumulate over time and you will start to understand just how much money you have tied up in your property.
Here at moneysupermarket.com, we understand the importance of protecting your home and its contents and our price comparison tool will allow you to compare home insurance quotes from more than 74 different household insurance companies.
Finding a cheap house insurance policy can be simple however finding a comprehensive policy that suits your own needs and covers all those added extras can be a little trickier.

Our home insurance guide will help you understand what to look out for in a policy and how to get the most from your buildings and contents cover.

Is home insurance necessary?

All too often people think that home insurance is unnecessary because they don't believe they will need it, however is it a risk you can afford to take?

It is said that one in three of us will be burgled at some point in our lives yet one in four of us still do not have an adequate home insurance policy. If the worst were to happen and your home and its contents were destroyed or badly damaged due to a flood, storm or fire then a home insurance policy is there to save you from financial ruin.

Most mortgage lenders will now insist that you have a suitable insurance policy taken out on your home before they will approve a mortgage.

When searching for a policy you will need to supply a lot of information about your home and its contents. When it comes to buildings insurance, insurers will want to know the construction date, the materials used for the building and the full cost to rebuild in the event of total loss. Some buildings may be un-insurable such as prefabricated buildings and thatched cottages.

In regards to contents insurance, the insurer will wish to know the value of all items in your home. Our contents calculator will help you add up the value of your items for each room, whereas for high value items such as antiques, you may need to seek out a specialist insurer.
In part two of our guide we will take a look at the different types of home insurance coverage that is available.
http://www.moneysupermarket.com

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