DIY Supermarket

When you take on a mortgage you will be required by the lender to take out home buildings insurance to protect their interests as well as your own. Freak accidents such as fire, or natural events such as extreme weather can damage or completely demolish your home, or make it so unstable that it will have to be completely rebuilt.  Adequate buildings insurance removes the financial burden that such events can cause.

Most people also take out home contents insurance, which protects their belongings against loss and damage. Indemnity insurance is the cheapest option here, replacing such items with ones of equivalent age, but most people opt for the slightly more expensive ‘new for old’ cover, which replaces possessions with brand new items.

Unlimited cover with contents insurance means that when items are lost or damaged through no fault of your own their replacement is automatic, and the cost of that replacement does not come under consideration. The crucial factor is the circumstances of their loss or damage, and this will decide whether you can make the claim at all.

Contents insurance covers (apart from non-fixed items in the house) the garden furniture in most cases, as the garden on many policies counts as a room of the house. It also covers freezer and refrigerator contents.

On top of the basic coverage you can add optional extras, which will extend the coverage to incidents like burst pipes and to cover legal expenses. These of course, will increase the premium.

A separate travel insurance policy will be needed to cover your personal belongings when you are away on holiday, as they will not be covered by the house contents insurance.