Boring though it is, insurance is a necessity. Here we take a look at home insurance and show you how to get the best possible deal for your home contents, home buildings or combined household insurance policy.
The continued misapprehension that consumers fall under is that they have to arrange their Buildings Insurance cover with the mortgage company. This is NOT the case.
You are free to look anyway and free to buy from anywhere. The requirement is that you have the cover in force.
So that is one reason why. The other is because your home is you biggest single asset and you basically need to cover this in the event of a loss unless you can simply right that off and go an buy a new house every time anything happened to your existing one.
While Contents Insurance is certainly not a compulsory insurance, it is just as important. With the average UK household having 25,000 worth of contents in value within their home, anyone not insuring their possessions are simply running the risk of loosing some or all of another large asset.
So, Home Insurance can be expensive, but not nearly as expensive as the unlucky events it protects you from. ...