Home is Where The Heart Is…Is It Insured It Correctly?
For many of us, our homes are probably the biggest investment we will ever make. It’s where we spend most of our time, care for our family and make some life long memories. It’s important to look after it but it is also extremely important to ensure you are properly insured. If your house was to go on fire in the morning and you lost everything, do you have it adaquately insured?
House insurance is something I would never take a short cut on as you never know what could happen. If you are in rented accommodation, it’s worth taking out a contents only policy to cover your belongings.
Things To Consider When Insuring Your Property:
How Much Will It Cost To Clear Site?
How much would it cost to clear the site of all debris, hire a skip, and get in diggers etc. before the house could be rebuilt?
How Much Would It Cost To Re-build?
Not the marked value but the cost to have professionals come in and rebuild from scratch. If you are a builder, plumber, electrician or handy man yourself, you would still need to insure based on someone else coming in to get the works done. If you are not sure how much it would cost, get a professional valuation done. It might cost you money but I think it is definitely worth it to know what your home is worth.
Additional Buildings Sums
This would include your flooring, built in units, fridge, washing machine etc.
This means absolutely everything that is in your home that you would take with you if you were moving house in the morning – clothes, playstation, furniture, television, toys etc.
Items That Can Be Specified
If you have an expensive piece of jewellery, expensive golf clubs, a top of the line bicycle etc. you should consider specifying these on your policy.
Once you have totalled all of these up, it may be worth adding a little extra on just to be sure you are sufficiently covered. If you’re house insurance is due for renewal, why not contact us for a quote on 1850 54 54 54
image source: www.goodhousekeeping.com