Home Owner Insurance
Home owner insurance is the Holy Grail for insurers: you're a good risk financially, you're more likely to be careful than people who rent their homes, and it's statistically unlikely that you'll have wild drugs parties or demolish your house with home-made explosives.
The good news is that home owner insurance is available from everyone; the bad news is that there are huge differences between different firms. Some will throw in accidental damage protection and legal cover; others will charge extra. Some insurers will cover your home for up to half a million; others want to know the exact value of rebuilding your house, and woe betide you if you have to claim and you discover you underestimated the figure.
When you're choosing insurance, then, you need to do your homework. You need to know what your house is actually worth, and how much your contents are worth – it might seem sensible to go for contents insurance but not buildings insurance or vice versa, but it's a false economy if something goes wrong and your house gets damaged. It's better to overinsure than underinsure, and many big-name firms have standard levels of cover that are way in excess of the values you actually need.
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