A large number of people may not have an idea of what is covered in a home insurance. All they know is; a home insurance is part of their mortgage agreement with their bank. They may also have no idea of who is covered in the policy and what isn’t covered. Listed below are a few frequently asked questions and answers to help you understand more about home insurance.

Must I Have Insurance For My Home?

Yes! Aside from he fact that its part of a mortgage agreement, having a home insurance will give you peace of mind in case anything happens to your home.

What Does Home Insurance Cover?

Generally, a home insurance covers everything from your roof to your kitchen sink. It also covers you, your family, pets and anyone hurt within your home. It covers some perils including damages caused by fire, explosions, aircrafts, theft and a lot more.

Are My Shed And Garage Included In The Policy?

Why not? All these are covered too! However, certain terms and conditions will apply.

Help Me Figure out the Suitable Building Cover I Need for My Home

Take a look at the survey report undertaken the time you got your mortgage to find the rebuilding costs. This will help you calculate how much you need to insure your property.

Must I Take Home Insurance Offered By My Bank?

No! It is not a must you take home insurance offered by your bank. Legally, you have total freedom to look at other alternatives available suitable for you. What you need to bear in mind is the fact that you must insure your building with the bank’s stated amount.

Say I’m a Landlord, Can I Insure a House I don’t live in?

It doesn’t matter if you don’t live in the house, you can still insure the house. Be sure to get a quote for the rental property you want to insure though.

What of My Tenants?

No. Your tenants and their possessions are not covered in the policy. Only your property and structure are covered.  Your tenants may choose to buy a separate cover on their own to be on the safe side.

What about My Personal Possessions?

There’s a personal possessions cover you could take to insure all your personal possessions; computers, television etc.

How Can I Check The Types Of Locks I Have?

Take a look at the metal plate just near the edge once you open your door.
You’ll easily see the name and lock type engraved on the plate if you take a closer look.

Will My Personal Possessions Still Be Covered If I Take Them Away From Home?

No. They will not be covered if you haven’t taken a personal possession cover.  The best part about this cover is; it will cover all your specified personal possessions irrespective of where they are globally.

What Will Happen To My Home Insurance If I Move House?

Nothing! You must, however, contact your insurance agent with details of your new house so that all the changes are made immediately.  I Need More

Information on the All-Risks Cover:

This cover will insure items, not within your home. All you need to do is create a list of the items you want to be covered or select an overall amount for unspecified contents.

During House Improvement, A Plumber Gets Hurt, Am I Insured?

Before hiring professionals to offer a helping hand in renovating your home, be keen to confirm whether they have an insurance cover. The insurance policy may only offer cover to domestic employees such as the cleaners.

I Have Other Things in My Garden – Are They Also Covered?

Yes. They are covered as well. Any item outside your house is covered. However, you need to check more limit information on your policy.

If I’m making Online Transactions with My Credit Card, Am I Assured Of Security?

Definitely! Any personal information you give online is encrypted to ensure the security of data.

What do I need to do when my property is damaged?

Simple, contact your agent immediately whenever your property is damaged. However, to prevent further damages try and make emergency repairs so as to protect your property and yourself.