3 Types of Home Insurance for You to Consider
Category Owners Advice
You need to find out about home insurance. Why? Because you've finally bought your dream property, turned it into a home and now you're living your best life.
A home is more than just the building that we live in, it's also a place where we keep most, if not all, of our belongings. Therefore, before you continue to live your best life, make sure you've got it all covered. Getting home insurance is a crucial part of your home buyer's journey and not a step that should be overlooked or moved to the side.
Before you start to freak out or stress about your insurance, let's have a look at the different types of home insurance that you need to consider.
1. Homeowners Insurance
Homeowner's insurance, or also referred to as building insurance, is the type of home insurance that specifically covers the structure of the house. It will protect your house against damage caused by unforeseen events such as fire, theft, or natural disasters like floods.
This type of insurance can also cover damage caused to other parts of your house such as the garage, swimming pool, or keys and locks, depending on the insurance company that you decide to go with and the replacement value of your property.
2. Home Contents Insurance
Now that you've got homeowners insurance to cover the structure of your house, it's time to look inside. Home contents insurance covers the interior contents of your property against loss or damage caused by fire, theft, or natural disasters such as floods, etc.
These contents include items such as furniture, home appliances, curtains, and clothing. However, it is always best to check and specify with your insurance company which items fall under their home contents insurance policy to avoid any unpleasant discoveries when you need to claim back.
3. Personal Valuables Insurance
Another home insurance to consider is personal valuables insurance.
This insurance covers your personal valuables that wouldn't be easily replaceable because of its financial value. This can include items like cellphones, cameras, laptops, jewelry, or anything else that you would carry in a bag or take outside.
Damage caused to these items by fire, natural disaster or theft, whilst in the house will then be covered by your personal valuables insurance.
With these three types of home insurance, you'll cover all your bases and now you can continue living your best life knowing that some insurance company has your back (in case you need it).
Author: Annene Mare
