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Home Insurance
Whether you’re purchasing your first property or relocating to a new home, having home insurance is essential to protect your investment and provide peace of mind.
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What is Building & Contents Insurance?
Life can be unpredictable, with storms, burst pipes, and other mishaps causing damage. Building & Contents Insurance safeguards your home and belongings, ensuring that if the unexpected occurs, you won’t face financial hardship.
Buildings Insurance
Covers the physical structure of your home, including the roof, windows, kitchen units, and bathroom suites.
Contents Insurance
Protects your personal items inside the home, such as furniture, appliances, electronics, and anything you would take with you if you were to move.
How does Buildings and Contents Insurance work with Alexanders FA?
At Alexanders FA, we make securing Buildings and Contents insurance easy, offering expert guidance to ensure you have the right coverage in place for your home and belongings.
As an award-winning broker, we provide free advice tailored to your needs, helping you protect your property and possessions in case of damage or loss.
1
Free Initial Consultation
We’ll assess your current financial situation and protection needs, helping you determine the level of Buildings and Contents insurance required to safeguard your property and possessions.
2
Personalised Buildings and Contents Insurance Recommendations
Based on your unique needs, we recommend the most suitable Buildings and Contents insurance policies to ensure you’re covered for potential damage or loss. We’ll guide you through the application process, making it simple and stress-free.
3
Ongoing Support and Guidance
Once your Buildings and Contents insurance is in place, we continue to support you, ensuring your cover remains aligned with any changes in your home, belongings, or circumstances.
Why Do I Need House Insurance?
If you’re considering buying a home, house insurance may not always be a legal requirement for a mortgage, but many lenders consider it essential. Here’s why it’s always a wise choice:
Lender Requirements
Some mortgage providers require house insurance to protect their investment in your property, particularly buildings insurance, as repairing or rebuilding a home can be costly.
Financial Protection
Even if it’s not a lender’s condition, house insurance is a smart investment. It provides peace of mind if the worst should happen.
Landlords vs. Renters
Landlords usually cover buildings insurance for the property, while renters should focus on contents insurance to protect their personal belongings.
Whether you need short-term protection or a long-term safety net, there are policies to suit different needs and budgets.
FAQ: Buildings & Contents Insurance
The answers to your questions.
What is Building and Contents Insurance?
Building insurance protects the structure of your home and its permanent fixtures from damage caused by events like fire, flood, or theft. Contents insurance covers your personal belongings inside the home, such as furniture, electronics, and jewelry.
Is it a legal requirement to have Buildings and Contents insurance?
Although it’s not legally required to have Buildings or Contents insurance, your lender will typically require you to have buildings insurance to protect the property. Contents insurance is generally optional and at the homeowner’s discretion.
What does Building Insurance cover?
Building insurance covers the cost of repairing or rebuilding your home if it’s damaged. For example by fires, storms or floods. It covers the structure of your property, permanent fixtures like kitchens and bathrooms, and can also cover outbuildings, fences, and driveways.
Who pays Building Insurance on a leasehold property?
For leasehold properties, the building insurance is normally arranged and paid for by the freeholder or the management company overseeing the property. The cost is then usually passed on to the leaseholders through their service charges and ground rent. If you are unsure if this applies to you, your lease agreement should state these details.
Is it cheaper to get Buildings and Contents insurance together?
Yes, it is often more affordable to buy Buildings and Contents insurance together. Many insurers offer discounts when you bundle the two policies. You can speak to one of our advisors, who will help you find the most cost-effective solution for your needs.
How much Contents Insurance do I need?
The amount of Contents insurance you need should reflect the total value of your personal belongings. Take an inventory of all your items, including furniture, appliances, clothing, and electronics, and ensure your policy covers this total value when you take out contents insurance.
What does Building Insurance cover in flats?
In flats, building insurance usually covers the same risks as it would for any other property types. For example structural damage, water damage etc. It is often the responsibility of the freeholder or management company to arrange this insurance for the entire building and individual flat owners will contribute to this cost via ground rent.
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We wouldn’t be where we are without our incredible clients. We take pride in building genuine, one-on-one relationships, offering tailored mortgage advice that suits each individual’s needs.
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