Building and Contents Insurance
Buildings and contents insurance is essential for protecting your home from unexpected damage or loss.
Introduction to Buildings & Contents Insurance
Protecting your home and belongings with the right insurance is essential. Buildings & Contents Insurance offers two-fold coverage, securing both the physical structure of your property and the personal items inside. With protection against unexpected incidents like fire, flood, storms, theft, or other damage, you can rest assured that you and your assets remain safe.
- Comprehensive protection: Builds safeguards your home’s structure; contents protects your belongings.
- Mortgage requirement: Lenders almost always require building insurance; contents cover is optional but smart.
- Affordable peace of mind: Policies start from around £100/year for buildings, with combined cover averaging ~£236/year.
How can we help you?
Contact us at Templar Mortgages on 07930895118.
Details About Buildings & Contents Insurance
What Is Building (Structures) Insurance?
Buildings insurance is designed to protect the actual structure of your home, including the walls, roof, and foundations. It also covers permanent fixtures such as fitted kitchens, bathrooms, and built-in wardrobes. In many policies, the cover extends beyond the main house to include outbuildings like garages, sheds, and greenhouses.
This type of insurance is essential because it provides financial protection if your property needs to be repaired or rebuilt following damage caused by events such as fire, flooding, storms, or subsidence. It can also cover vandalism, debris removal, and the costs of temporary accommodation if your home becomes uninhabitable. Many policies also include extras such as replacing broken windows or locks and covering associated legal expenses.
What Does Contents Insurance Include?
Contents insurance is designed to protect your personal possessions inside the home. This typically includes furniture, clothing, electrical items, appliances, jewellery, and other valuables. Importantly, the cover usually extends to belongings stored in outbuildings such as garages or sheds.
The policy ensures that your possessions are protected against risks such as fire, theft, and flooding. Many insurers also provide optional cover for accidental damage, which can be useful for situations like spilling liquid on a laptop, breaking a valuable ornament, or damaging jewellery. Having contents cover in place means you can replace or repair your possessions without facing a large financial setback.
Cost & Timing Considerations
The cost of buildings insurance varies depending on the size, location, and rebuild value of your property, but premiums often start from around £100 per year. Contents insurance is generally affordable, and when combined with buildings insurance, the average annual cost is around £236. These figures will vary depending on the level of cover you choose and the specific characteristics of your home.
It is strongly recommended to arrange buildings insurance as soon as you exchange contracts on a property, or before completing a mortgage. This ensures that you are financially protected from the moment you become legally responsible for the home. For full protection, adding contents cover alongside your buildings insurance provides an affordable and practical way to secure your home and possessions.
Conclusion
Buildings & Contents Insurance offers essential security for UK homeowners, protecting your property’s structure and possessions against unexpected risks. With finance-friendly premiums, these policies offer affordability and reassurance. By arranging your coverage early, ideally before mortgage completion, you’ll ensure peace of mind from day one. Choosing the right level of protection can safeguard your home’s value and help you face the future with confidence.
FAQ: Building & Contents Insurance
Should I bundle buildings and contents insurance?
Yes, bundling can save money and simplify claims, while ensuring complete protection.
How much does buildings & contents insurance cost?
Prices vary by location, property size, and coverage needs. Expect from £100/year for buildings, with combined policies averaging £236/year.
When should I arrange building insurance when buying a home?
Secure it before signing your purchase contract or starting your mortgage, so you’re covered from the start.
What does contents insurance typically cover?
It typically covers furniture, clothes, electronics, jewellery, and stored items—protecting against loss, theft, fire, flood, and sometimes accidental damage.
Is building insurance mandatory?
If you have a mortgage, yes—lenders require building insurance. For homeowners without a mortgage, it’s optional but highly recommended for financial protection.
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