Your home may be the biggest purchase you make in your life, but here at Avail Mortgages, we know it’s so much more than that. Your home is where you watched the kids grow up, and where you saw them come into their own. Your home has been the stage for parties, anniversaries and other joyous occasions that have brought friends and family together. Your house is where you long for after a long day or a trying time, providing that comfort that is hard to replace. That’s why having to do so can be so devastating, especially without suitable home insurance in place. Home insurance is designed to protect your house from events such as fires, storms and floods, as well as from theft and vandalism. When you consider how expensive rebuilding costs and replacements could be, a home insurance policy provides a cost-effective solution that protects your largest asset.
With access to leading insurers including Aviva, AXA, LV and Zurich, and a ‘No Claims Discount’ available, our home insurance brokers will help you find the most suitable home insurance policy based on your needs. To learn more and to find your insurance quote, please do not hesitate to get in touch with us today. We provide help for clients in areas such as Leeds, Huddersfield, Bradford, York and Harrogate, so we know that we can help you too.
What Does Home Insurance Cover?
When it comes to home insurance, there are two types: building insurance and contents cover. Building insurance is mandatory in the UK and covers the building itself – the actual structure of your home, which includes the roof, walls, and windows and other permanent parts of the house like your kitchen and bathroom. Contents insurance, on the other hand, covers your personal belongings within the house, such as your television, laptop, and jewellery. As a general rule, building insurance covers the cost of rebuilding your house from the ground up, and content insurance covers the cost of replacing your belongings if they are damaged, destroyed or stolen. It’s common for homeowners to take out both home building and contents insurance, for the best protection of their homes.
From home emergency cover and legal cover through to accidental damage home insurance cover and bicycle cover, we can also provide add ons to your insurance policy here at Avail Mortgages.
It’s important to note that where a mortgage is required, Buildings Insurance is a mandatory purchase.
What Is Home Building Insurance?
Home Building Insurance is a policy that covers the cost incurred when you have to repair damage to the structure of your property.
The structure of the property includes structures such as the walls, windows and the roof, as well as permanent fixtures and fittings such as fitted kitchens, toilets and baths. Home Building Insurance often includes the cost of services such as demolition, architect fees, total site clearance and other rebuild costs.
Home Building Insurance policies, like the ones we can help you find at Avail Mortgages, generally cover loss or damage that is caused by:
- Fire, smoke or explosions.
- Floods, storms and other natural disasters.
- Fallen trees, lamp posts, aerials and satellite dishes.
- Vandalism or similar kinds of malicious damage such as broken windows.
- Subsidence, which is when your house begins to sink or gradually settle downwards.
- Vehicle or aircraft collisions.
Some Home Building Insurance policies may cover you for other structures in and around your home such as garages, outside walls and driveways. Our team will work hard to find you the appropriate Home Building Insurance policy, regardless of your property type – from small terraced houses to larger, multi-bed detached houses – we can help insure it all.
Do I Need Home Contents Insurance?
Home Contents Insurance is a policy that covers you against loss, theft or damage to your personal possessions. This type of policy covers your possessions and the items that belong to family members who live with you.
You don’t have to take out Home Contents Insurance, but, here at Avail Mortgages, we strongly advise you to consider this policy because if expensive items such as laptops, games consoles or tablets are lost, stolen or damaged, you’ll have to pay to replace them out of your own pocket.
A policy such as this usually comes with additional charges that will cover accidental loss or damage to your personal belongings. Also, extra costs may be incurred if you take those possessions out of your home. Home Contents Insurance policies usually carry an excess which means you won’t be covered for the first few pounds of a claim, and the excess is typically between £50-£100.
Another thing to note is that some Home Contents Insurance policies will pay your loved ones a lump sum if you die from a fire, theft or accident at home, and we can discuss this, as well as our Life Insurance policies with you, at your leisure.
What Does Accidental Damage Home Insurance Cover?
The phrase ‘accidents happen’ is around for a reason, as sometimes, unfortunate things happen that aren’t anybody’s fault. Thankfully, Accidental Damage Home Insurance Cover is there to help.
The definition of accidental damage is ‘damage to a person’s home or its contents that occur unintentionally during the course of everyday life’. This means you won’t be covered for mechanical failure or general wear and tear to your personal belongings and other items in your home.
In short, spilling a glass of water on your laptop is accidental, the laptop failing to work after years of use is not.
If you have small children then you might want to consider Accidental Damage as part of your wider Home Insurance policy. Also, if you’re someone who tends to accidentally damage personal belongings then this might be a useful policy add on to consider. However, damage caused by DIY or pets is very rarely covered.
Get In Touch
What does home insurance cover? What is home building insurance? Do I need home contents insurance? For answers to all of these questions and more, and for your personalised insurance quote, please get in touch with Avail Mortgages today. Serving clients in areas including Leeds, Huddersfield and York, we’ll help you find the most suitable home insurance policy for you.