Home Insurance.

Home insurance is made up of two elements, buildings and contents insurance.

This kind of insurance can be taken out by occupiers of rented accommodation or homeowners.

Most mortgages lenders will require that you take out buildings and contents cover as collateral against the loan they have provided.

This means that as a mortgage customer, you will need to consider this type of cover particularly if it is compulsory with your mortgage agreement.

The building element of the policy is designed to safeguard against unforeseen damage to your main residence on the inside or the outside.

Events covered can include flood or fire damage, explosions, fallen trees and any weather/ storm damage to name but a few.

This will usually cover the property to the point where it would need to be completely rebuilt should the property be damaged beyond repair.

The contents element covers all items within your property against accidental damage or theft.

This can include laptops, iPods, TV’s, washing machine and any other household appliance.

This element also protects you against theft of any of your prized possessions and can include jewelry, paintings and any other valuable item.

There are lots of options available with home insurance and it is advisable to speak with an advisor should you want to safeguard any valuables.

The cover options can include providing a direct replacement which replaces an old item with an old item or a “new for old” option. The new for old is a more expensive policy but provides an enhanced level of cover.

Please feel free to contact us should you require a policy that is suited to your specific needs.

Whether you have a flat or a mansion that requires high net worth insurance, you will require a tailored solution.

To ensure your property has sufficient cover and to find out how to protect it contact CFM Financial Planning in Surrey.