Get cheap home insurance quotes from Confused.com
What is content insurance?
Unlike insurance on your building, content insurance covers your possessions in case of theft or damage. This includes your carpets, furniture and hi-fi. It can even include valuables which you might take out with you, like a laptop or bicycle.
[back to top]
Is it compulsory to have building and content insurance?
Strictly speaking, when you own a house, building insurance and content insurance are optional - but in reality, it is wise to have them.
Most mortgage lenders insist that when you buy a house, building insurance is in place. If the property were to fall down, the mortgage lender would want to know that the house has building insurance.
Content insurance covers your possessions and provides some liability insurance. If someone were to injure themselves in your home, they could make a claim against you. Depending on the extent of the injury, this could be a significant sum - so it is worth having some protection in place.
[back to top]
Can I still switch provider if I bought my insurance from my mortgage lender?
You don't have to buy your building or content insurance from your mortgage lender unless you agreed to a special mortgage deal, which requires you to buy 'their' insurance.
Mortgage lenders often have arrangements with an insurer who will provide building and/or content insurance to borrowers and pay them a commission.
Even if you bought your house and building insurance through the same company, you can still shop around for a better deal. Once you have a few building and content insurance quotes in hand, speak to your mortgage lender to see if they will allow you to move insurer.
You can start saving money today by searching for your building and content insurance with Confused.com. Just enter your information once and we'll search the market to return a list of house building insurance quotes.
[back to top]
