What Amount Should I Insure my House for on my Buildings Insurance?

Before deciding on the amount which you think your house is worth and needs insuring for, there are a few things to take on board. You need to decide exactly what the buildings insurance is to protect against. Peoples first thought is that they need buildings insurance, just in case there is a fire, but it is not just fire that you need to think about protecting your home against. In recent years there have been reports of flooding throughout the country, there have even been floods in places which have not be known to be flood risk areas. If your home is in a high crime area where other properties have been thwarted by vandalism and theft, then it may be necessary to consider the prospect of getting accidental damage insurance cover too.

Building insurance covers for bits of the house that are considered to be permanent fixtures such as:

•   Light fittings and fixtures.
•   Baths, sinks and other plumbing elements.
•   Fixed kitchen cupboards
•   The outside of the property is also covered and the insurance covers for stuff like, garages, sheds and fences.

Contents insurance will cover for all the non-permanent bits within the home, on stuff such as:

•   Televisions
•   Furniture
•   Office equipment
•   Bikes
•   And other non-fixed stuff in and around the home, which you would take with you should you move.

So when it comes to insurance and the value of your property, don’t just take into consideration the cost of rebuilding the home, should the worst happen, consider the price of covering everything, the home, contents and surrounding area which belongs to the home. If you think that your insurance is at a high premium, then there are many companies now who offer great value for money on the internet. Check out www.insurance64.co.uk for more information on home insurance and related products.