It’s great to improve on your home decoration and furniture and if you love doing it, it can be an all-consuming passion making the perfect home. But if you think about it, every time you buy a new piece of furniture or change something in your home, you are adding value to it, and that value needs protecting with your home insurance policy.
Even those day to day items that aren’t about home improvement still add to the value of the contents held within your home. Many people think that contents insurance isn’t necessary, but take a moment to think how much just the electrical equipment you have in your home would cost to replace all after a fire, flood, or burglary without insurance. With all the computers and hi-tech goods people have in their homes today, it’s unsurprising that the standard contents cover on a home insurance contents insurance quote has gone up.
Whether you forego a home contents policy is, of course, a personal choice, but for the majority of homeowners buildings insurance cover is an obligation if they have an outstanding mortgage on their property. This is so that the mortgage lender can redeem some value should your house be totally destroyed with money still owing on it.
Even those homeowners who have paid off their mortgage are unlikely to give up paying for buildings cover; as they would face the same loss as a mortgage company if their house was destroyed and they were uninsured. For a relatively small annual fee, you’re buying peace of mind for what is likely to be your most valuable asset.
It’s a good idea to get fresh buildings insurance quotes when your policy comes up for renewal, as there is always a good deal on with one or other of the insurers. Changing insurer used to be quite a hassle, but now most insurers will offer to effect the change on your behalf as part of their strategy to win your business.
However you look at it, home insurance is a bit of a no-brainer. It’s one of those things in life no homeowner should be without; you just need to shop around to get the best possible deal.