Building insurance typically covers damage to the structure of your home, including the roof, walls, and foundation, caused by events such as fire, storm damage, theft, or vandalism. Contents insurance typically covers damage to or theft of your personal belongings, such as furniture, electronics, and clothing.
If you own a home, it’s a good idea to have building and contents insurance to protect yourself against the financial loss that could result from damage to your home or your personal belongings.
The cost of building and contents insurance will depend on several factors, including the value of your home and contents, the level of coverage you need, and your location.
There may be exclusions to building and contents insurance, depending on the policy. Some common exclusions include damage caused by natural wear and tear, gradual deterioration, and damage caused by war or terrorism. Be sure to read the policy terms and conditions carefully to understand what is and is not covered.
Yes, you can choose the level of coverage you need for building and contents insurance. For example, you can choose to insure your home and contents for their full replacement value or for a lesser amount.
