If you do not have Building Insurance you must read this!
Building Insurance is a must-have; do you know why?
Buying a home is an exciting process, so it is understandable that purchasing building insurance is the last thing on your mind; however, purchasing one of these policies can save you a lot of money.
Now, you are wondering, what is building insurance? Well, according to Halifax, Building insurance covers the cost of repairing the damage or rebuilding the structure of your home. This includes your windows, wall ceilings, outbuildings, and equipped kitchens and bathrooms. It also provides coverage for damage caused by events such as fires, storms, and floods.
Building insurance does not cover items inside your home, such as furniture, carpets, clothing, electronics, and personal items. You will need content insurance to insure them. Limits, terms and exclusions apply to all building insurance.
Do not accept auto-renewal policies; no matter how time-saving they seem, the more likely it is that you will end up overpaying. It is best to renew your policy annually, so you can compare what you are paying and what other insurance providers have to offer you.
Are you overpaying for Building insurance? This is what you can do.
According to research by Compare the Market, 25% of building insurance owners overpay because of the auto-renewal trap. These auto-renewal policies do not always offer an excellent price-quality ratio, so one way or another, those who buy these policies will end up paying more money. In fact, it is estimated that British homeowners pay around £ 230 million a year for overpayment issues.
If this is your case, the best thing you can do is check the details of your building insurance policy and compare it with that of other insurance providers. Many companies offer a better deal if you contract different insurance policies with them, so if you have different policies with the same company, not only will you get better prices, but the process will also be much easier than if you took out your insurance with different companies.
If you want to know more about Building Insurance, you can visit the Compare the Market website; at comparethemarket.com, you can find dozens of interesting articles on insurance and other topics of financial interest.
HICH LTD has revolutionized the property survey market since day one! Our property survey service is listed as one of the best in the whole of the UK! Please take a look at our Trustpilot page and see why everyone chooses us as their property survey provider.
Our vast experience in the local property survey market has made us the number one choice for surveyors. We offer a top-level service at affordable prices, the cost of our surveys is based on the number of rooms in your property, not their value, so our prices are always better than the competition.
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