Buildings & Contents Cover
When building or buying a new home, you will want to make sure it's protected, and so will your mortgage lender. Building & contents cover is a required insurance policy that will provide that safety net of protection for your home and is usually a compulsory request when taking out a mortgage.
What is building & content cover
Buildings insurance helps you keep your property safe from accidental or criminal damage and will generally cover the cost of repairing any damage to the structure of your home, including any permanent fixtures and fittings.
It's easy to forget about the cost of our belongings, but if anything were to happen to them, would you be able to afford to replace them? Contents insurance removes the potential stress and worries from you by reimbursing you for the loss or damage of your possessions, including furniture, jewellery, clothes, and gadgets.
Essentially building cover and content cover two different things but having both ensures that the physical structure of your house and contents within are safe and accounted for.
What does building insurance cover?
Buildings insurance will cover the cost of repairing damage to the structure of your property. This includes walls, windows, and roofs as permanent fixtures. Other parts of your property such as garages, fences and sheds are also covered. Building insurance usually covers the loss or damage caused by:
•Floods, storms, natural disasters
•Fire, smoke, explosions
•Theft and vandalism
What does contents insurance cover
Contents insurance will cover your personal and home possessions against theft, loss or damage. Depending on your policy, it can also cover possessions that you may take on holidays or out of the home. A simple way of summarising your 'contents' is the items you would take with you if you moved. These can include:
•Furniture: Sofas, beds, dining tables, chairs etc
•Entertainment & electricals: Tv's, laptops, video games/consoles
•Kitchenware: Cookware, microwaves, kettles etc
•Jewellery and clothes
•Ornaments, antiques and artwork
These items will be replaced new for old.
Why Mortgage Solutions Belfast?
Building and contents cover can be bought as standalone policies or as part of your combined home insurance policy. With combined cover you can get both buildings and contents insurance under one policy from the same provider. This can make it more convenient if you need to make a claim. Combined insurance can often work out cheaper than taking out separate policies, although you should always compare quotes to make sure it's the right option for you.
At Mortgage Solutions Belfast, we are expert insurance advisors to ensure you get the right deal for your needs. We'll look at your property, the rates on offer from the entire market and find you the cover you need for the best price possible.