A Simple Guide to Home Insurance

In this guide to home insurance, we explain the features that are usually found in buildings and contents insurance products.

What's in this home insurance guide?

What is home insurance and what does it cover?

Broadly speaking, the term home insurance covers two types of insurance: buildings insurance - covering the building; and contents insurance - covering items within the home. The two policies can be purchased separately, or as one combined policy. Landlords are required to purchase buildings insurance, while tenants are required to have contents insurance. 

Do I need Home Insurance?

If you own your own home, you will need buildings insurance. If you are renting a property, you will need contents insurance.

What is buildings insurance?

Buildings insurance covers damage to the structure of a property, which includes walls, roof, floors, and fixtures and fittings. The easy way to judge if an element of a building counts as part of the structure, is if it would remain part of the building if you were to turn the property upside down.

What does buildings insurance cover?

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Buildings insurance covers the cost of repairing or rebuilding your home. This will often cover damages to your home caused by: 

  • Falling trees
  • Fire, smoke and explosions
  • Oil leakages
  • Storms and flooding
  • Subsidence
  • Vandalism
  • Vehicle collisions
  • Water damage

What does buildings insurance not cover?

Buildings insurance does not cover general wear and tear. General wear and tear is the kind of light damage you would expect over the life of an item that is being used. For example, slight fraying of curtains and upholstery, or scuffs and light marks on floors and walls. 

What is contents insurance?

Home contents insurance covers damage to, or loss of, any of your personal possessions while they are located within your home. Basic contents insurance does not cover possessions while they are outside your home - for example, a handbag while you are on your daily commute - but some contents insurance policies provide some away-from-home cover.

Find out more about Home Insurance from Towergate

We offer specialist home insurance policies tailored to your needs. Contact our home insurance team today for a quote on 03447 368 249 or enquire online.

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