Guide to over 50 home insurance
What is Home Insurance?
Home insurance is comprised of two elements. Buildings and contents insurance:
Buildings insurance quite simply covers the structure of the building, for example the walls, roof and floor. It also covers permanent fixtures and fittings such as kitchens and bathrooms.
Contents Insurance covers your personal belongings and the things you keep in your home such as your clothes, furniture and electrical goods.
Think about it this way. If you imagine turning your house upside down and shaking it, everything that fell out would come under your contents insurance cover and everything that remained intact would be covered by your buildings insurance.
If you own your own home, you will need to have buildings insurance in place as part of your mortgage agreement. Unfortunately there are no such requirements for contents insurance which is why some people get caught out.
Depending on your requirements, you can choose to get an individual quote for either buildings or contents insurance or a combined quote for both.
*51% of consumers could save up to £146.11 on their Home Insurance (Building & Contents). The saving was calculated by comparing the cheapest price found with the average of the next six cheapest prices quoted by insurance providers on Seopa Ltd’s insurance comparison website. This is based on representative cost savings from March 2022. The savings you could achieve are dependent on your individual circumstances.