Home insurance policies fall into two common types - buildings and contents insurance. You can choose either one or both of these based on your needs.
If you're a homeowner, then it might be worth considering a buildings insurance policy. Although it's not a legal requirement, some mortgage lenders may insist that you have at least a buildings insurance policy in place.
Buildings cover insures your bricks and mortar against fire, flood and subsidence damage and could cover:
- The building itself (including the roof)
- Any fitted fixtures
- Garden sheds
If you're a tenant, your landlord is usually responsible for insuring the building itself, but not your belongings. Contents insurance is generally aimed at tenants, though it's a policy that everyone should consider.
Contents insurance protects your belongings against problems like theft, damage and fire, and it could cover:
- Your gadgets (laptop, smartphone, TV)
- Your furniture e.g. bookcases, wardrobes, sofas
- Clothes and jewellery
- Family heirlooms and antiques
Not sure how much your belongings are worth? Check out our handy contents calculator before getting a contents insurance quote.
Combined policies cover both buildings and contents. These policies are only suitable for those who own their homes.