A Quick Guide to Home Insurance

Whether you're insuring your car, your pet, or your home, it's vital not to underestimate the importance of insurance. Home insurance, in particular, can help to protect your home should any unforeseen circumstances arise like flooding, theft or fire. Many people are unaware of what they're signing up for when they invest in home insurance, so here's a quick guide to some of the things you should find in your policy. These examples are all taken from the Co-Operative Insurance's Home Insurance policies.

Loss or damage to buildings from specific events. One of the key reasons to invest in home insurance, this cover means that should anything happen to your home that is beyond your control - flooding, fire, theft, storm, subsidence, escape of water etc - you will receive money to help you with the costs of rebuilding. The Co-Operative Insurance offer up to £500,000 of cover for rebuilding costs - an amount you certainly wouldn't want to have to come out of your own pocket.

Replacement external locks following theft of door keys. It's a sad fact of life that door keys are prone to being taken from your bag or your pocket whilst you're not looking. Unfortunately, this leaves you in a situation where you should really be considering replacing the external locks in your home for security. A necessary but costly procedure, having the locks changed could be paid for (up to £500) by your home insurance company.

Office equipment in the home e.g. computers, office furniture, fax machines, printers. These days a lot of people work from home, or at least have an office in the house that they use whilst they are there. With an office, however, comes a lot of expensive equipment that could be very costly to replace should it be stolen or damaged. With a home insurance policy from the Co-Operative Insurance, you are entitled to up to £5,000 of cover for your office equipment.

Accidental damage e.g. spilling paint on a carpet. Most home insurance policies also include optional cover for accidental damage to the contents of your home. For a small extra amount, you can ensure that should anything happen like paint being spilt on your new carpets, you are covered by your insurance company and won't be facing too many hefty bills alone.

Obviously home insurance policies differ depending on the company you go with, so it's worth checking over the policy documents carefully before you make any decisions. It's up to you to shop around a bit to make sure your policy best suits your needs, and that you get the right amount of cover for your home.

By : Craig Davies
Source : http://www.goarticles.com

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