TYPES OF HOME INSURANCE TO BUY
Because home insurance is divided up into buildings and contents insurance it’s important to know exactly what you need cover for.
If you own your home and have significant valuables that would be costly to replace, it’s worth looking for home insurance policies that cover you for both building and contents. This should be cheaper than purchasing separate building and contents insurance, so stay savvy and make sure you are getting the best deal available.
If, however you have recently purchased a property and expect to accumulate your furniture and valuables over time, contents insurance isn’t really a wise investment and could leave you out of pocket unnecessarily.
Also keep your eyes peeled for information related too new for old and indemnity based contents cover. New for old cover generally means the insurer will replace your items as new, or cover the full cost of a repair regardless of age. Indemnity cover however will assume your items have attracted cosmetic damage through age and this will affect any potential pay-out.
