Buildings and Contents Insurance

Your home insurance needs are made up of two parts, firstly the building and secondly the contents. But why do you need it?

Buildings Insurance

This covers the structure of your home and any permanent fixtures and fittings - think of it this way, if you were to tip your house upside down, anything that doesn't fall out is usually defined as the building. The policy is designed to cover the costs to repair or rebuild your home if it's damaged by either fire, flood, storm, or theft.

It is generally a condition of all mortgages in the UK that you have Buildings Insurance in place.

Contents Insurance

This covers the 'contents' of your home for the cost of replacing or repairing your possessions if they were damaged, destroyed or stolen.

Using the previous example, all the bits that fall out of your house when turned upside down are usually defined as the contents. For example this would include your furniture, electronics, clothing, and other valuables.