Home Insurance

Home insurance is one of the most common types of insurance product, and anyone who has a home will be familiar with it. Home insurance is usually contrasted with contents insurance, which is a related but different product.

So what is home insurance? Well, this product is also sometimes referred to as homeowners insurance, and it covers the bricks and mortar of the house. Events covered typically include things like weather damage or fire. This is sometimes called building insurance. This is contrasted, as mentioned above, with contents insurance, which covers the actual belongings inside the house from various hazards like damage or theft. These two products are often bought together at a reduced price.

When you take out a mortgage, it will typically be a requirement from the mortgage lender (bank or building society) that you have building insurance cover in place - this is because it will protect their investment. If you rent, then you would typically be more concerned with getting contents insurance to protect the contents of your home; the landlord (as the owner of the property) will be responsible for the building's maintenance, so they should be ensuring that the property has buildings insurance.

Home insurance is a product that is offered by a huge number of insurers, so it will pay to do your research before deciding who to go with. With so much information out there, then it can be instructive as a first step to use a comparison website to start sorting out a few companies that you are interested in for the level of protection they offer and their price, then drilling down into those in more detail before making a final informed decision on who to go with.

Related Articles...

Contents Insurance Contents insurance is a type of insurance product that covers the items that you have - the contents - of your home. There are a range of different providers of contents insurance out there on... Vehicle Insurance Vehicle insurance is the category of insurance products that cover, surprisingly enough, vehicles. These can be any sort of vehicle that you can think of, with of course the most common product... Crop Insurance There are two main types of crop yield insurance available, which come under the category of types of agricultural insurance product. It is self-explanatory what crop insurance guards against -... Van Insurance Most people know about car insurance, but what about van insurance? Clearly if you drive a van then you need to know about van insurance. There are various different types of van insurance which... Prize Indemnity Insurance Prize indemnity insurance is a purchase that would be considered by someone offering a large prize and thus could stand to lose a considerable sum of money. This form of insurance would mean that... Reinsurance The concept of 'reinsurance' is quite an interesting one. It comes down to the same sort of logic as 'who will guard the guards?' - in this case who will insure the insurers. The answer is, other... Saving Money on Car Insurance Like with most types of insurance, the car insurance sector is extremely competitive. There are a lot of providers of this product, but also a lot of different factors that are taken into account to... Flood Insurance Flood insurance is a specific product under the umbrella of insurance and it covers - as the name suggests - losses that occur due to flooding. In many cases, this form of protection (flood... Travel Insurance One of the most common forms of insurance product is travel insurance. Wherever there is travel involved, there is invariably risk, and infact a range of risks, and therefore an insurance product... Health Insurance One of the most common insurance products is health insurance, a broad umbrella category that covers any sort of insurance product that helps an individual mitigate against the expenses that are...