Home Content Insurance covers your personal belongings at the insured address and can be extended to cover items taken away from the home such as valuables, pedal cycles and portable electrical items such as camcorders etc. To enable an insurer to calculate a premium for you, you must either accept a policy on a Bedroom Rated basis or Advise the insurer of your “Sum Insured”. More…..

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In recent years, It has become fashionable to buy a second or retirement home in Spain or other European Country, in fact there are no over 600,000 UK Expats living in Spain alone. A trend that has recently started to develop is the purchase of foreign property for investment and to produce a rental income, this is the so-called “fly to let” market. One of the problems facing owners of property abroad is the ability to purchase Buildings and Contents Insurance. You may find that it is cheaper to buy insurance from a foreign or local insurance company and the local agent or notaire may recommend this to you, but beware you may find that local insurance does not offer the same range of perils as obtainable from a United Kingdom based Insurer. In general, Uk insurers tend to try to follow the standard wordings available in this country but with certain additions or restrictions depending on the country where your property is situated.

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Also referred to as Home Insurance, Homeowners Insurance or Household Insurance, they amount to the same. Quite simply they are insurance products that can be purchased from a variety of sources to cover the fabric of your home and / or your personal possessions that are kept in the home. Cover can be extended to cover items such as valuables that are temporarily removed from your home. This extension is often called “All Risks” Insurance. None of these insurances are compulsory but you may find it a condition of your mortgage that you buy at least Buildings Insurance to protect the lenders financial interest in the property. Most policies are similar in the covers they provide as mortgage lender etc have a standard set of perils that must be provided to secure a loan on the property. Probably the biggest purchase you will make in your life is that of your home. To qualify for a mortgage to purchase a property, you will need to satisfy your lender that you have a Home Insurance policy in force that confirms to their terms & conditions. Most insurers are aware of these terms & conditions and aim to make their polices compliant. There are a large number of policies on the market available from insurance companies direct, banks, building societies and via brokers who may be able to offer you more choice…

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This product can have various names etc but basically it is designed to protect your mortgage payments in the event that you are unable to work. It usually covers Accident and Sickness Insurance but can be extended to include Unemployment Insurance and Redundancy insurance as well. This type of cover should not be confused with Mortgage Life Insurance which will pay out if you die, a decreasing sum insured reflecting the reducing amount outstanding on your loan. This cover can be extended sometimes to include Critical Illness cover.

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To obtain buildings or contents insurance, the sort of information required by insurance brokers or lenders is as follows:- Name & Contact Details, Risk Address & Postcode, Date of Birth, Occupation, Smoking/Non Smoking, Convictions, more….

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