subject: Why You Need Home Buildings Insurance [print this page] Things always happen when you are unprepared and it's not until the rain comes cascading through your bedroom ceiling that you think there might be something wrong with the roof. When this sort of thing happens and you are uninsured it can be a financial disaster.
If you don't want to find yourself worrying how you're going to find the money to get the roof fixed then do something about it now. It is never a good idea to own a home and not have the proper insurance.
In the present financial crisis, when everyone has to tighten their belts, you might think that home insurance is something you can do without, but you'd be wrong. When things are financially uncertain you should always make sure that your building and contents insurance are up to date. Just think about the expense of repairing a roof, a bedroom ceiling and replacing all things that may have suffered water damage.
If you do have a hole in the roof and your buildings insurance is up to date, than other than the 50-100 pounds excess you might have on the policy, you're covered for that damage. If you have a mortgage then your mortgage provider may make it a condition of the loan that you have insurance on the building.
When your home is insured it is usually insured up to the cost of a total rebuild, just in case the unthinkable happens. Building insurance is a must for home owners, when you were a tenant the building was the landlord's responsibility. As a new home owner, you are responsible for your house and its upkeep, which means you, should have it insured.
Your possessions, the contents of your home could be stolen if an intruder breaks into your premises, or they could be damaged by flood or fire. While nobody wants to consider that they may have their possessions stolen, or that they will have a flood or a fire, these things do happen. The only way to make sure that you are covered for theft or damage is to get the contents of your home insured.
When you buy your first home you should start looking for buildings insurance almost immediately. Don't accept the first quote you are given, you should shop around for your insurance if you want to get the best deal. The internet has made it much easier to compare what the different insurance companies have to offer. In a matter of minutes you can get a couple of insurance quotes and choose the one that best suits your budget.
Your home should be insured against almost every eventuality, which means you won't get taken unaware if structural damage occurs because you know that you are covered. If someone does break in and steal your possessions, again you know that you will be able to afford to replace them. Buildings insurance is designed to give you peace of mind, so that if the worst does happen, you won't be facing huge bills.
by: Tom Jones
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