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Buildings vs. Contents Home Insurance |
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Written by Ethan Hawke
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Home insurance typically splits the value of your home into two main forms of cover known as ‘buildings’ and ‘contents’, and the main difference is that buildings insurance covers the structure of your home and any additional associated buildings (such as garages, driveways, outbuildings etc), and contents insurance covers the personal items that are contained within your home. Most insurers offer combined building and contents policies that are easy to set up and typically offer savings over taking out separate insurance policies. However a combined insurance policy may not provide you the cover you need for your home insurance and could offer you a good buildings policy but an inadequate contents policy (or vice versa), so in some cases you may be better off taking out separate policies with different insurers (especially if you have any special requirements such as cover for very expensive items such as art or jewelry). It is important you check any policy carefully before you sign up, and do your research so that you understand exactly what cover the policy is offering. |
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Understanding Renters' Insurance |
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Written by Ethan Hawke
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Renters' insurance is a form of home insurance for people who rent a home or apartment. The purpose of renters insurance is to protect the tenant leasing the property from damages to their personal property that may occur as a result of a fire, storm or other accident, as defined by the policy, that damages or destroys the rental property.
Most property owners who have rental property will have insurance on the property itself, which pays for the replacement or repair of the property |
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Flood and Earthquake Insurance and Special Riders |
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Written by Ethan Hawke
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The insurance coverage on most homeowner’s policies won’t cover personal property like furs, jewelry over a certain limit. Neither will they cover replacing your house nor your personal affects if there is a flood or earthquake.
You will need a rider or separate policy coverage if you live in a flood or earthquake zone. If you are comparing coverage, don’t forget to get comparative prices on the riders. |
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Written by Ethan Hawke
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Structural Insurance is included in your home insurance policy and specifically covers the rebuilding or repair of your home structure.
Home insurance is also called hazard insurance or homeowners insurance. This property insurance covers your home and includes several different types of coverage. Structural coverage is only one of the areas a home insurance policy would cover. Other insured areas include the loss of use, the contents, or loss of other personal possessions that belong to the homeowner. Your home insurance will also cover your liability for accidents that may happen on your property. |
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