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Home Insurance |
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As with all insurance policies it is vital that you read all the policy documents to fully understand the cover provided and any exclusions. If you have any doubt seek advice from a broker or insurance provider. This website sets out to provide you with general information only and does not in any way offer or intend to give you advice or recommend any specific insurance company or product. |
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Buildings Insurance |
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If you need a mortgage to buy your new home you will be required by your lender to have Buildings Insurance to cover the cost of rebuilding your new home. The amount of cover is not the value or what you have paid, but the cost to rebuild. Your mortgage valuation certificate will state the amount of cover you require. This figure should be index-linked to increase with inflation. |
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It is nearly always cheaper to find your own home insurance rather than use your lender’s insurance, even if your lender requires a payment for checking the policy. There are numerous different policies available; some cover additional things such as storm damage to fencing and emergency accommodation in the event of a fire or flood. As with most insurance policies you can keep premiums to a minimum by increasing the amount of excess, the part of each claim you agree to pay. Some insurers offer no claims discount. Accidental damage is another option to consider for cover against breakages to glazing or sanitary ware, even putting your foot through the ceiling! |
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