What is Home Insurance

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What is Home Insurance?

Your home is most likely to be the biggest and most important investment of your life, which is why it's essential to have adequate protection against theft, damage or physical loss. As a homeowner, the last thing you want is to fork out on repairs and other costs involved in restoring your home and possessions back to their original state following damage caused by a fire, burglary, flood, or natural disaster.  

Home insurance is designed to give homeowners peace of mind, knowing that the roof over the head and the belongings they treasure within is fully protected against damage or theft.

This helpful guide has been created to help explain the basics of Home Insurance - from the different types of home insurance and levels of cover to monthly and annual costs. There are also tips on how to safeguard your home against burglars, how to find the best home insurance deals, how to go about making a claim and how you can lower your risk to reduce your premium.

Types of Home Insurance

Home Insurance consists of two types of cover:

• Buildings Insurance – insurance policies which cover the structure, fixtures and fittings      of a property, and
• Contents Insurance – policies which protect all household possessions.