When moving into a new home, securing the right insurance is an important step in protecting your property and possessions. Whether you own your home or are renting, having adequate insurance coverage can provide peace of mind and financial security. This guide outlines the different types of insurance you might need, including household contents, buildings insurance, and renter's insurance.

Household Contents Insurance

Household contents insurance covers your personal belongings within your home, including furniture, electronics, clothing, and other valuables. This type of insurance is essential for safeguarding your possessions against risks such as theft, fire, or damage.

• What’s Covered: Typically, household contents insurance protects against loss or damage due to events like fire, theft, flooding, vandalism or accidental damage. Be sure to check the specifics of your policy to understand what is included and any exclusions that may apply.

• Valuation: When taking out contents insurance, it’s important to accurately assess the value of your belongings. This ensures you have sufficient coverage to replace items if necessary.

Buildings Insurance

If you own your home, buildings insurance is important. This type of insurance covers the structure of your property, including walls, roof, floors, and any permanent fixtures like kitchens and bathrooms.

• What’s Covered: Buildings insurance typically covers damage caused by events such as fire, flood, storms, and subsidence. It may also include coverage for tools and equipment used for home maintenance.

• Mortgage Requirement: Most mortgage lenders require homeowners to have buildings insurance in place before finalising a mortgage agreement. Be sure to check the requirements set by your lender.

Renter's Insurance

For those renting a property, renter's insurance (also known as tenant's insurance) is important for protecting your personal belongings. While the landlord’s insurance generally covers the building itself, it does not cover your possessions.

• What’s Covered: Renter's insurance typically covers personal belongings against theft, fire, and certain types of water damage. In addition, some policies offer coverage for accidental damage to the landlord's possessions within the property, providing added protection for both you and the landlord.

• Peace of Mind: Having renter's insurance can offer peace of mind, knowing that your belongings are protected, even in a rented property. It’s often more affordable than people think, making it a worthwhile investment.

Arranging Your Insurance

Securing the right insurance can seem daunting, but it doesn’t have to be. Here you can arrange an insurance quote tailored to your needs. This resource will help you find the best coverage at competitive rates.