Buildings cover insures your bricks and mortar for events like fire and weather damage, while contents cover could protect your belongings against problems like theft, damage and loss.
Buying a combined policy from the same insurer can often be cheaper than getting two separate policies.
You don’t usually need buildings cover if you’re renting, but you may want contents insurance to help cover the cost of replacing your things if you suffer a loss.
Under some circumstances it can also lower your premium.
Most standard policies cover key items like home entertainment, but there may be varying exclusions depending on your insurer.
Your need depends on your circumstances – many accidental damage claims come from people with young children.
It’s also important to know what’s covered under your standard policy. Checking the small print is the best way to make sure you’ve got adequate cover.
By being the only insurer offering you buildings cover when you’re arranging your mortgage, there’s less need for them to competitively price your insurance policy.
You can often save money by shopping around with a price comparison site to get a range of quotes from a number of insurers.
Only the owner of a property can buy the buildings insurance. If you’re not the building owner but you’re worried about appropriate buildings insurance, you can check with the building’s proprietor or landlord to check this cover is in place.
If you’re a tenant, you make want to look at contents insurance to make sure your personal possessions are covered.
It’s worth taking the time to go around your house from room to room and putting a reasonable value on everything.
It’s easy to underestimate the value of your contents, but it’s important to make sure you’re not underinsured.
The more you agree to pay towards a claim, the less cost there would be for your insurer, so they may reduce your premium accordingly.
But beware - setting an unreasonably high voluntary excess may save you a few pounds on your premium in the short term, but if ever you need to make a claim, you could find yourself with a large bill to settle before your insurer will pay out.
For example, if you’ve told your buildings insurer that your roof is in good repair, they will base your premium on the known risk of storm damage happening to the average roof.
But if, in fact, your guttering is already falling off, or your tiles are coming loose, then there’s a greater than average risk of damage happening during a storm – something your insurer hasn’t covered against on your original premium.
As the full risks weren’t disclosed, you’re effectively insuring higher risks at a cheaper price, which could invalidate your policy and leave you without a pay out in the event of a claim.
For more information, read our guide on how to change your home insurance policy.
But you’re responsible for any contents inside that you own. If anything were to happen to your possessions, you would be liable for the cost of replacing them if you didn't have contents insurance.
The key point to remember is that your contract with your insurer is based on mutual disclosure of information – they charge you a “fair” premium, based on the risks you’ve made them aware of. If these risks change, so too does the value of a “fair” premium.
If in doubt, ask your insurer. The time taken for a quick phone call could save any problems that arise in the event of a claim.
If you’re unsure of the type of alarm your property has, you can refer to your alarm’s manufacture guide, which will tell you the model. If your model isn’t available as an option on our form, select ‘other’. You can then call your preferred provider before buying to confirm the alarm type.
Here are a few definitions of acronyms shown on our website:
- NUD – Norwich Union Direct
- NACOSS – National Approval Council of Security Alarms
- SSAIB – Security Systems and Alarm Inspection Board.
On the second page (‘The Property’) you’ll then need to confirm that the property you’re insuring is not your home address. You can then select that the property is left unattended for more than 60 days at a time.
Be aware though that an unoccupied home often falls outside the underwriting criteria of our home insurance panel, so you’re likely to receive fewer quotes than usual.
Insurance providers may offer you additional services, such as legal protection or home emergency cover. If you choose to add any of these to your policy, the price may increase. Your price can also increase if you change any of your details, such as your occupation or your excess amount. It’s therefore important that you check your policy details carefully to make sure it’s exactly as you entered it on Confused.com.
If you haven’t added any additional services and haven’t changed any of your details, please contact us to let us know which provider you’re having this problem with. We can then look into it for you.