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Buildings and Contents Insurance

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Buildings and Contents Insurance

Covering your home and personal belonging

Speak to one of our experienced brokers who can tailor make a package that will suit your individual needs and budget.

In an ideal world nothing would ever happen to your home. But pipes burst, storms blow trees over, and ground subsides. If any of those things happen to you, it pays to be covered. That’s where buildings insurance comes in. When it comes to home insurance, there are two types: building insurance and contents cover. Building insurance is mandatory in the UK and covers the building itself – the actual structure of your home, which includes the roof, walls, and windows and other permanent parts of the house like your kitchen and bathroom. Contents insurance, on the other hand, covers your personal belongings within the house, such as your television, laptop, and jewellery. As a general rule, building insurance covers the cost of rebuilding your house from the ground up, and content insurance covers the cost of replacing your belongings if they are damaged, destroyed or stolen. It’s common for homeowners to take out both home building and contents insurance, for the best protection of their homes.

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    FAQ

    1. What is Buildings and Contents Insurance, and why is it important for homeowners?
    Buildings Insurance covers the structure of your home, while Contents Insurance covers your personal belongings inside it. Together, they protect your property and possessions from risks like fire, theft, and damage.
    2. What factors affect the cost of Buildings and Contents Insurance?
    Factors include the property’s location, size, construction type, security features, and the value of your belongings. Additionally, your claims history and policy options can impact the cost.
    3. Is Buildings and Contents Insurance mandatory for homeowners in the UK?
    While it’s not legally required, mortgage lenders often insist on Buildings Insurance as a condition of the mortgage. Contents Insurance is optional but highly recommended.
    4. How can homeowners reduce the cost of Buildings and Contents Insurance?
    Measures such as improving home security, shopping around for policies, and considering higher excess levels can help reduce insurance premiums.

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    There may be a fee for arranging a mortgage and the precise amount will depend on your current circumstances and complexity of your mortgage needs. For purchases this will typically be £595, remortgages £399 and £199 for product transfers. Complex cases such as adverse, buy to lets and debt consolidation will typically be £695.

    Your home may be repossessed if you do not keep up repayments on your mortgage.

    Your property may be repossessed if you do not keep up repayments on your mortgage.
    Not all Buy to Let Mortgages are regulated by the Financial Conduct Authority.

    You may have to pay an early repayment charge to your existing lender if you remortgage.

    Think carefully before securing other debts against your home. The overall cost of repayment of other debts might be more when added to your mortgage.

    The cost of this insurance depends on several factors, such as your age, where you live and your occupation. As a result, the cost you will pay is based on your own circumstances.

    As with all insurance policies, conditions and exclusions will apply.

    Derbyshire Mortgages & Protection Ltd is an Appointed Representative of Stonebridge Mortgage Solutions Limited, which is authorised and regulated by the Financial Conduct Authority. We are entered on the Financial Services Register under firm reference number 982876. Registered Office: 4 Lime Tree Close, Tibshelf, Alfreton, Derbyshire, DE55 5RF. Registered Company Number: 12631487. Registered in England and Wales.
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