Home contents insurance may not be a necessity in the eyes of your mortgage provider or your landlord, but whether you own or rent your current property, you need to consider the value of the items within your home. If you were to lose everything, through fire or some other disaster, how much would it cost to replace everything? This is where home contents insurance proves vital because it will pay to have these items replaced and it gives you peace of mind in the meantime.
Buildings insurance is a prerequisite for getting a mortgage in the case of most mortgage providers. You will not be able to get your mortgage without buildings insurance but this isn’t the case with contents insurance. Your mortgage provider still has the value of the property to fall back on if your home is broken into or involved in a disaster. They won’t lose out, but you would.
Whether you own your own home or you rent, you should consider home contents insurance to be essential for your needs. Fire and floods don’t differentiate between homeowners and tenants, and neither do burglars. Your personal belongings are still at the same risk of being lost or damaged regardless of how you pay for the home you live in and you will still need to pay to have them replaced in the event of them being stolen or becoming damaged.
Home contents insurance is a critical part of the homeowners’ insurance package. It protects most items in the home that are not considered a part of the property. This can include items like home appliances as well as your clothing and even your CD and DVD collection as well as the TV and stereo that you use to listen to or play them on.
Whether you rent a property, pay a mortgage, or own your home outright, your personal belongings are important. It is quite possible that you are still paying for some items and if these become stolen or broken you would still be liable for the repayments on these items but without the benefit of being able to use them.
UIA home contents insurance is an affordable and efficient way of protecting all of your belongings in the event of a disaster or other problem in your home.