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...

Bicycle Insurance Bicycle insurance, as with all insurance products, gives you a way to deal with the risk of having something happen to your bicycle - depending on the product you choose - and therefore having the... 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... 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... 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... Payment Protection Insurance Until a few years ago, not many people would have heard of Payment Protection Insurance, commonly referred to as PPI. Now it is almost inescapable, with TV adverts and text messages bombarding... 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 -... 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... Income Insurance Income insurance is sometimes referred to as income protection insurance. As the name suggests, this product is focused around what you earn from work. This type of policy is something that will... Saving on Home Insurance Home insurance splits into the bricks and mortar insurance - buildings insurance - and the stuff that you put inside your house such as your valuables - the contents, hence that bit is called the... Motorbike Insurance Motorbike insurance might sound like a bit of a niche category of insurance, but there are actually a huge number of people who ride these sorts of vehicles, and so even within this there are...