August 28, 2014

Do you have adequate home insurance cover

If you are unfortunate enough to suffer loss or damage to your home or personal belongings, the last thing that you will want to discover is that you are not insured or that the building and contents insurance that you thought you had in place will not cover you.

For many people, the first time that they really think about their home insurance is when they need to make a claim. It is vitally important, however, to make sure that you have adequate cover in place before a loss arises to ensure that the appropriate protection is there when you need it.

Building and Contents Insurance

You can protect yourself from loss or damage to your home or belongings by buying building and contents insurance. It is possible to buy cover for building and contents separately or as a combined policy.

If you are a tenant then you will probably not need to take out buildings insurance as this will be the responsibility of your landlord. If you are a homeowner, however, you will need to have it in place as a condition of your mortgage.

A buildings insurance policy will provide you with cover if your house or its permanent fixtures and fittings are damaged as a result of a peril that is listed in the policy. Perils covered usually include fire, flood, storm, theft, subsidence, falling trees and burst pipes as standard, although it is possible to purchase additional cover for accidental damage, for example.

It is a good idea to insure your contents whether you are a tenant or a homeowner. While you may not think that your belongings are valuable, if you were to lose them all in one go in a fire then it is likely that you would find it difficult to replace them.

Contents insurance is usually on a ‘new for old’ basis, which means that you will be provided with an equivalent replacement for any item that is irreparable. There are some policies, however, that operate on an indemnity basis, which means that deductions are made for wear and tear. It is important to check the policy’s terms and conditions.

The perils covered by a contents policy are often the same as those covered by a buildings insurance policy. Again, it is possible to buy additional cover. Accidental damage cover is popular, as is cover for personal possessions such as laptops when they are taken out of the home.

Landlord and Tenant Insurance

If you are a landlord then you should ensure that you take out an insurance policy that is specifically designed for landlords. Landlord insurance policies usually provide cover for the building, fixtures and fittings and the landlord’s legal liabilities.

Additional cover is available that can prove useful. Legal-expenses cover can help in the event that you need to take action against a tenant for non-payment of rent, while rent-guarantee cover can help if your property is empty between tenancies.

If you are a tenant then you should arrange your own contents cover – this will not be provided under the landlord’s insurance. There are a number of insurers who offer specific tenants’ policies, including some for those who live in shared accommodation such as students.

Whatever type of building and contents insurance policy you opt for, it is important to ensure that you have the right level of cover in place. If you do not have an adequate sum insured under your policy then you will not have enough cover in the event of claim. Similarly, if you over-insure then you are paying a premium for a level of cover that you will never be able to claim for.

When looking to insure a building you should get cover for the full rebuilding cost. This is different to the market value of your home and, depending on the area that you live in, could be more or could be less. Many insurers have calculators that can help you with assessing this. The Royal Institute of Building Surveyor’s Building Cost Information Service can also be helpful.

To work out the amount that you should insure your contents for, it is a good idea to run through all the items that you have in each room of your home and work out how much it would cost you to replace them all. Remember to include items such as clothes and crockery, as well as any items that you have stored in sheds and outbuildings.

If you have any high-value items then you should tell the insurer. Most policies have a maximum amount that will be paid out per item, so anything over this amount needs to be notified to the insurer so that it can be fully covered.

When arranging your insurance cover, it is essential that you familiarise yourself with the terms and conditions of the policy that you choose. It is pointless arranging and paying for adequate insurance cover for your home if you then invalidate it by accidentally failing to do something that the policy requires.

The conditions will depend upon the specific policy that you have. Common ones are that your home must not be unoccupied for more than 30 consecutive days and that you should notify the insurer of any change in your circumstances that affects the risk – for example, if you were at home all day but will now be out at work.

It is important to arrange adequate home-insurance cover so that you have appropriate protection if an unforeseeable event happens. By taking the time to make sure that the policy you have is suitable for your needs and that you understand the terms and conditions, you can ensure that the cover is there when you most need it.

The Importance of Tenants Insurance

We often hear about how important home insurance is for property owners and how crucial landlord insurance is for commercial property owners, but the one area that often gets ignored is tenants.

Although tenants do not own the property they live in it is of course filled with all of their belongings and is essentially their home, meaning tenants insurance is very important. You may think that as it is not your house you don’t need it but there are some very good reasons for investing in tenants insurance:

 Landlords Won’t Cover You

The majority of landlords will have comprehensive landlords insurance that covers them against damage to the property, but this does not cover tenants. In the event of a fire, for example, the landlord’s property would be insured and he would get money for the loss of the building, but the tenant’s contents would not be covered, meaning you could lose all of your belongings and get nothing back.

 Property Damage

When you move into a rented property you will have to pay a deposit and in the event of any damage caused, your landlord may take this deposit as compensation for repairs. However, there are circumstances when it is not the tenants fault and you could end up losing a deposit you should have gotten back.

 Tenants insurance would cover against such circumstances and could stop you from losing a deposit you need for the next property you move into. If the damage is not your fault you will be covered and reimbursed with the correct insurance.

 Flat Mates

Anyone who has rented a property during Uni knows that you don’t always end up with the best flat mates in the world. You may go away for a weekend and come back to find some of your stuff damaged or even missing, through no fault of your own, and this is where tenants cover would protect you and help you claim back on damaged or missing goods.

 It’s not something a lot of tenants take into account, but you have to remember that you won’t be covered by your landlord’s insurance and so if you want protection you need to invest in a comprehensive tenants insurance policy.

What’s different about holiday home insurance in France?

What makes holiday home insurance in France such a typically different matter to arranging the same cover as at home is, of course, the fact that it operates in a different country, with its own distinct, customs, practices and ways of doing things. How might this affect the insurance you may wish to put in place for your second home across the Channel?

Building insurance

  • safeguarding the actual building itself might be one of your prime concerns about arranging holiday home insurance in France. Events such as fire, flooding, storm damage, impacts and falling objects may have the potential for the complete destruction of the building and your need to rebuild it from the ground up;
  • it may be tempting therefore to follow the same rule of thumb that you used to provide for your building and contents insurance back at home in the UK and place an insurance valuation on the property that covers the possibility of it having to be completely reconstructed;
  • when arranging your holiday home insurance in France, however, you may also need to pay particular attention to specific areas of risk typically ruled out from conventional French policies – especially with respect to such events as flooding and storm damage;

Contents insurance

  • similar differences might apply with respect to the cover for the contents of your holiday home. French insurance policies might exclude certain risks or particular circumstances that you might not usually find in those written for the English market;

Employers liability

  • if you employ someone in France to help clean, cook or do other household chores, or if you employ someone to look after the property when you are not there, you might already have considered the need for employers’ liability protection. This is designed to indemnify you in the event of claims by such employees for damage or loss to their property or from personal injury whilst in your employment;
  • once again, however, the employees’ rights to claim and your obligations as the employer to pay any compensation, might be somewhat different to the rules that apply in the UK;

Buying overseas property cover

  • because of the potential for differences between the insurance you may be accustomed to at home and those that apply to your second home in France, you might consider it important to arrange the cover you need locally;
  • however, there are also companies in the UK which are fully versed in all of those differences. These specialist insurance providers may be able to help you ensure not only that the insurance policy you buy meets French standards but that these are incorporated into a policy document written in plain English;
  • arranging holiday home insurance in France with the aid of such a specialist insurance provider might also bring the advantage of paying the same annual premium in sterling, rather than needing to worry about fluctuating exchange rates.

Calculating how much home cover you need

If you are looking around for insurance cover for your house and its contents then you may be interested in getting some home cover quotes and comparing what’s on offer.
Before you can meaningfully make a purchasing decision for your home cover, you may need to equip yourself with some fairly accurate estimates of the value both of your property and your contents.

Your property

There are potentially a number of ways that you can view the value of your property:

  • how much it cost you to buy;
  • the amount of mortgage you have on it;
  • what other properties in your street are currently fetching.

In insurance terms though: the value that you may need to insure your property for is based on how much it would cost to rebuild it, should that most extreme situation ever arise.

Depending on a number of circumstances, including location and whether your property is built from brick or stone, this figure may be more than you paid for your property or it may be less (if you have a mortgage then your buildings policy may have to at least cover the value of that mortgage).

Getting specialist advice to arrive at an accurate figure may be advisable.

Contents cover

To arrive at an accurate figure for your contents, there may be no substitute to walking round your home with a paper and pencil and noting down the value of the contents in each room. Fixtures and fittings are generally included within buildings cover.

Having done that, you may wish to decide whether you are looking for new for old contents cover or wish your content insurance quotes to be based on a market value or second hand basis:

  • remember to include fridge and freezer contents if that is one of your must haves;
  • bear in mind too that some policies may include high value items as standard, while others may only offer this cover as an optional extra.

Once you have a fair idea how much cover you are looking for, you can review your home cover insurance quotes and make an informed choice.

How to keep your property secure with the right locks

If you have a secure property you are less likely to be burgled. Home insurance providers may see you as less of a risk so could charge you lower premiums.

When it comes down to how to make your property secure, a lot of it is common sense.  Most people know that they should lock their doors, but there are sometimes things that you might overlook that an experienced burglar may look out for.

Here are some tips on keeping your property secure:

Make sure your doors are secure- Are your doors old and made of a flimsy material that would be easy to break.  Burglars can be experts at knowing which type of doors are likely to be easiest to break into.  If your doors just look weak then this could almost be an invitation for your home to be broken into.

Are your locks modern and secure – Modern locks will make your home more secure, they should also conform to the British Standards for locks.  Burglars are more likely to target homes that have locks that are not up to date and generally therefore easier to break into.  Modern locks normally make it harder for a burglar to gain access to your property.

Protect your keys – There is no point having the best doors and most modern locks if the keys to your doors and windows are on display or easily accessible.  If a burglar can see your keys and it just takes breaking a window to get to them then that won’t be too much of an obstacle.  Don’t leave keys in doors and windows either as this can make it easier for burglars to get hold of them.

Securing your property with the correct locks on your doors and windows will help you become less of a risk when you take out your home insurance.  An insurer may well see you as less of a risk of being broken into and so your premium might be lower.  There are other factors that insurers take into account when they look at how risky someone is, but home security is very important.

How to Get the Best Rates on Renter’s Insurance

Most people understand the need for rental insurance , such as if your home is vandalized or belongings are stolen. However, most people do not know how to obtain the best rates on their renter’s insurance policies.

Renter’s insurance will pay to help you replace your personal belongings, such as furniture, electronics, and other such items, if they are damaged or stolen. What you may be unaware of is that renter’s insurance also pays to cover in case a visitor is accidentally injured while on your property. This coverage will also pay in case there is a fire and you need to find a new residence quickly.

The following are some of the ways that you can save on this type of property insurance coverage:

For one thing, do not go with the first policy that you find. It is very much in your best interests to shop around and compare rates. One of the best places to start is at a comparison insurance website. You should begin by comparing at least three separate insurance companies, and then choosing the company with the lowest quote but best service and coverage.

Another way to save is by increasing your deductible. You may not think so, but by increasing your insurance deductible you will have much lower monthly payments. This can save you up to fifteen percent on your yearly premiums on insurance.

Another option, known as umbrella coverage, involves obtaining your renter’s insurance and your auto insurance from the same provider. This can amount to another ten to fifteen percent savings.

Finally, if you install security devices within your home, this can also lower your insurance policy premiums. Many companies will give discounts for things such as smoke detectors, dead bolts, and fire extinguishers. If you do not already have these items, request your landlord to install them because it is to his or her benefit as well.

Is it Covered? The Importance of Understanding Your Home Owners Insurance

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Creative Commons License photo credit: Paulo Marcel Coelho Aragão
The worst time to wonder what your home owner’s insurance covers in when you want to file a claim. Everyone should know ahead of time what is and what is not covered and have made their decisions concerning buying additional coverage based on that knowledge. There are two types of basic home owner’s insurance: hazard insurance, usually required by lenders, and liability which is not always required.

Hazard Insurance

Hazard insurance is what most people think of when they think of home owner’s insurance; it covers fire, theft, vandalism, wind, hail, water damage and smoke damage. There are limits of course; if your house catches fire due to a careless act on your part, the insurance company will most likely not pay. They expect a policy holder to take reasonable precautions and not engage in hazardous activities. Hazard insurance will generally cover pools, garages, sheds and outbuildings; however, it won’t cover business losses unless you have purchased a rider so if you have a building you are conducting business out of you will need to look into adding more coverage.
One of the reasons it is important to read your insurance policy, and if necessary quiz your agent, is that many people are unpleasantly surprised by the things that are not generally covered, things that could happen through no fault of your own. Earthquakes aren’t covered, although in areas of the country less prone to them it can be purchased as a rider for a reasonable price, and the same goes for hurricane damage. Landslides, subsidence and expansive soils are not covered either. Subsidence is when there is a hollow under the ground causing the ground to cave-in. It occurs where there has been extensive mining; sink holes like those which commonly form in Florida are another example of subsidence. Expansive soils refers to ground primarily composed of clay that due to expansion and contraction from wet and dry weather can crack a house’s foundation.


Liability is pretty straight forward; you pay a premium in exchange for protection against third party law suits and claims. For example if the mailman or the meter readers trip while on your property, then you are generally covered unless you have knowingly created an unreasonable hazard. When an insurance company pays out on liability insurance it usually goes to the third party not the insured. The insurance company also is expected to defend the insured against claims unless they committed a crime or some other act outside the boundaries of the policy. Unfortunately, few people know what their insurance company considers a reasonable hazard as opposed to an unreasonable one.

Keep in mind as well that these policies will generally no offer much protection when it comes to the valuables in your home. If you have pricey electronics, furniture or jewelry you will most likely need to purchase contents insurance on top of your regular policy. The best way to protect yourself is to know ahead of time that your family’s home and possessions are well protected and that you will be able to land on your feet if disaster strikes.

Rebecca Jones is a financial and insurance blogger and contributing writer for Policy Expert

Home Insurance Brokers vs Comparison Sites

According to British insurance representative, Assetsure, younger homeowners are using the comparison sites to source their home insurance quotes, while older homeowners still use homes insurance brokers. That’s right, to be young and cool, you must use the Internet to source insurance quotes.

 Being young and cool though, is not the only benefit of using comparison sites. We put homes insurance brokers up against comparison sites by comparing the following criteria:


Given that comparison sites don’t get a percentage of the premium as payment, the insurance quotes they offer are often cheaper than those of home-insurance brokers. Homes insurance brokers get a percentage of the premium or a fee from the insurance company, which is usually factored into the quote. This makes them more expensive.


Comparison sites get insurers to contact you, usually telephonically. This, however, makes understanding the policy more complicated as you can only go through it once you’ve agreed to the terms over the phone. Homes insurance brokers, however, go through the policy with you so you know exactly what you’re getting in to before you sign.


Home-insurance brokers are limited to those insurers that deal with brokers and also to those insurers with whom they have established a rapport. This means you get fewer quotes from them than if you use a comparison site. Certain direct insurers don’t use hom insurance brokers, which is why they can offer cheaper insurance quotes.


 As the insurers used by comparison sites offer quotes direct to the public, their policies are generic. Although they offer some customization (such as the amount of excess payable), these policies are not as tailored to you as that of a specialist insurer. Home- insurance brokers can source quotes from specialist insurers if you require something more detailed and comprehensive than a standard homes insurance policy.


Homes insurance brokers run on sandwiches and caffeine, while comparison sites run on Internet, which is a lot quicker. Comparison sites send your details to multiple insurers at once, who then contact you immediately. Homes insurance brokers still contact their insurance partners directly.

In Need Of Loans Insurance?



Motor insurance is one of the major regular bills. These days auto insurance can range from $500 all the way down to $50. It is important to check and double check before choosing the insurance coverage that you think may fit you the best.


There are a couple of advices getting cheap car insurance. You do not want to get full dental coverage plans as those are generally in the higher range. What California auto insurance dropped down 2.7% in 2007 simply by searching for the best offer available.


However one must look at the pros and the cons in getting cheap car insurance. The pros are obvious , it’s really a lot cheaper. However this finance insurance is gonna be liability which only covers damages that is completed to the other party it doesn’t cover you or your car.


Furthermore you won’t get every one of the luxury services that you would with a full dental coverage plans such as rental car and many others. Should you still choose to you would like to find cheaper insurance you then should choose a insurance company that will insure you simply enough so you are legal.


There are lots of insurance companies that do this, it’s simply yet effective. They feature you the minimum required legally insurance and maintain the cost down. You ought to search and ask question for example “Is this really required?” and do I really need this?.


It’s not only us the uses but also insurance companies that ask themselves “How to get cheap car insurance?”. They too want to maintain the cost down and also get as numerous customer as you possibly can. It is a good practice to shop around and compare prices.


The answer to Getting cheap car insurance coverage is to keep and open mind. Let the insurance companies fight to suit your needs. Today’s society is a competitive world and companies is going to do just about anything to get your money. You ought to call around and acquire many quotes, tell others that you have been quoted lower then what they offer.

Check out my other guide : auto insurance specialists, automobile insurance quote and business auto insurance

The majority of the insurance companies will match prices from competitors, they are going to compete for you. Even if you actually have insurance that you will be satisfied with there is always better. Browse around keep you eyes open, if you discover better don’t hesitate to call your insurance and inform them about it.


Proven Methods To Protect Your Own Property Or Home From Flood Problems

Inundating can take place in almost any place anytime. But, how may you expect you’ll relieve or even steer clear of flood harm? Listed here are a few ideas each owner of a house ought to keep at heart.

Practical Things you can do Prior to Flood Warnings

Make certain your electro-mechanical shops, routine breakers and cabling are previously mentioned 12″ from the floorboards. If they’re certainly not, contract a professional electrician to produce the actual needed adjustments. Kitchen appliances for example heaters and washers and blow dryers should also become raised no less than a foot up and running.

Yet another excellent preventative measure it is possible to consider would be to have a very plumbing engineer use a backflow valve to ensure that sewage cannot key in your home in case there is inundating. Also, closure your basement walls having a water resistant chemical substance.

If you reside in a area that is susceptible to water damage, you may want to check out this kind of extremes about get all of your residence raised up and running. Some also have built flood wall space, which produce boundaries help prevent flood seas through enter your home.

Straightforward Procedures to look at If you have a new Danger involving Water damage

You will want to ensure that your gutters on your residence usually are not slow or stopped up using foliage or another substance. In the event that gutters are blocked in the course of hefty rainwater, h2o may go into the house, and trigger serious flooding.

Putting sump pushes in position within your basement will discharge flood waters, as long as they get into. It is good for you to make sure they’re inside great working purchase and that they have a new backup energy arrange, in case there is a crisis.

In the event that flood threat is actually imminent, retain updated by simply focusing straight into neighborhood tv set or radio stations. In case flash huge amounts tend to be forecasted, you ought to swiftly take just about any simple safety measures to guard your house, and go out. Furthermore, make certain that the key routine circuit breaker of your home is turned off before evacuating.

After Flooding

When it really is risk-free to do so, individuals suffering from inundating ought to taking action immediately in order to preserve any useful items. Virtually any electro-mechanical items must be taken out to be able to always be dry out and hopefully restored. Take away standing up normal water within your residence as quickly as possible. Install enthusiasts and dehumidifiers to be able to dry the property. Thoroughly clean and disinfect your property. Check with your own insurer to determine whenever they will handle any problems you might have endured as a result of surging. Discover more other good blog posts relating to full coverage dental insurance, full coverage dental insurance quotes and full coverage dental insurance companies.