Your Home Insurance
Once you have your mortgage sorted, your lender will usually insist you have buildings insurance in place.
The majority of lenders make building insurance mandatory on freehold (and some leasehold) properties, that have a mortgage on them and are not owned outright. You might also want to think about insuring your personal belongings. It’s always a good idea to put some protection in place against any loss or damage to the things you own.
WHAT IS HOME INSURANCE COVER?
This is a general term used to describe two very different types of insurance:
- Buildings insurance – for the structure of the home including permanent fixtures and fittings, like kitchens and bathrooms
- Contents insurance – for things you keep in your home, like furniture, TVs and personal belongings
You can buy both types of insurance separately or, in many cases you can get them as a joint policy from one insurance company. Your adviser will be able to talk in detail about protection most suited for your needs.