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Guide to Home Insurance Here is a useful guide to Home Insurance. Home insurance covers damage from incidents such as fire, theft, and vandalism to your house, usually adjacent structures like a garage or shed, and your personal belongings. It covers living expenses if your house becomes temporarily unusable. Home insurance, also known as Household Insurance is a policy designed to cover your home and if applicable its contents against the possible risks. If you have a mortgage, your lender will insist you have buildings insurance. There are two types of home insurance - contents insurance and buildings insurance Contents insurance is designed to cover your possessions if in the home in circumstances where you suffer a burglary or you have an accident where damage is caused. Buildings insurance is designed to cover the actual building you live in- the bricks, roof, floors, doors and windows and the general building structure from naturally occurring events and where applicable accidental damage. Buildings Insurance Policies usually cover, natural events such as fire or flood, storm or lightning, burglary or damage from attempted burglary, subsidence or heave, burst pipes, water tanks or boilers. Contents Insurance Policies usually cover, loss of possessions resulting from a burglary, damage to possessions caused by burst pipes, water tanks or boilers, damage to possessions arising from fire/theft or natural events. You need to find a sense of balance between coverage and cost. Work out the suitable level of coverage by consideration of the following factors: the level of cover you need, the value of the possessions you must protect, » Discuss it » Continue Reading »
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