Home Insurance
Not having home insurance could be the worst possible thing you can do to your own house or building. Can you imagine the level of risk you are putting your home at if your home insurance policy is not suited to your needs? At DM Financial, our experts will suggest the best home insurance that suits your budget and fulfills your needs.
What are the parts of home insurance?
There are two main parts of home insurance – building insurance and contents insurance.
What is building insurance
This is a part of home insurance, and generally, people are asked to opt for insurance that covers your building’s structure and other fixtures & fittings. Under this insurance, the contents of the house or building are not covered.
What is content insurance
Everything you have inside your property or building is content. To make it simpler, imagine you shake your house; everything that stays is the building (walls, roof, doors), and whatever falls out is content.
Why do I need home insurance – building and contents
It is not only the home, but the items inside as well. Having home insurance means you cover your home, contents, and personal possessions (optional). It covers your possessions against any loss caused by theft, fire, vandalism, damage caused by oil or water, lightning, a tree falling, flood or other accidents.
I am a tenant. What home insurance do you need?
In this case, you need contents insurance because your landlord must have building insurance. Even if you are leasing it, you need not worry about building insurance.
I am a landlord. What sort of insurance is best for me?
Landlord insurance is a solution for you. Under this insurance, you can cover your building, contents, landlord liability and loss of rent or alternative accommodation.
What if I make no claims?
We will reduce the premium for renewal as per the best possible calculations.
How can I reduce the cost of home and contents insurance
- By not making claims unless no option is left
- By making your home more secure; no infringement up to the extent possible
- Consistent inspection of your security measures
- Work out your voluntary excess. The higher the voluntary excess, the lower your premiums
Are there any other optional covers?
- Accidental damage cover
- content cover for the items that are not in the home, e.g, items you carry with you
- Home emergency solution
- Family legal guard