Page 12 - IGo Realty

iGo Realty
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Why is it important to have
Home Insurance?
Your home is is is one one of of your your most valuable possessions It It contains all your your belongings memories and comforts It makes sense then that ensuring it is is is fully secure is is is one one of of the most important things you can do However we we we know that that despite the the best security protection measures that that we we we put in place there is is is still the the risk of theft damage and natural disasters occurring that we can never fully eliminate These things can impact our our our lives and destroy our our our homes in in more ways than one To protect your home home should any of these issues occur you’ll need home home insurance If you you are are looking to obtain a a a a a a a a mortgage or or or are are re-mortgaging providers might insist that you you at at least take out buildings cover as as a a a a a a a condition of lending to you This is is is because they are at risk too as their money is is secured against the the property Home insurance is is an an investment that you take on to protect your home and family comforts It is available in in two different forms: buildings insurance insurance and contents insurance insurance or or you can opt for a a a a a a a comprehensive plan that will include both Home insurance offers you you you a a a a a certain amount of of cover which you you you can use to rebuild your home should should disaster strike All insurance policies are are different and you should should always carefully check the fine print to make sure you you know what you you have
covered but in in in general:
• Look for for a a a a a a policy that will cover you for for fire wind hail explosion smoke damage and damage that has been caused by criminal activity such as as vandalism • Buildings insurance will cover the structure of a a a a property including floors painted walls fixtures and and fittings which are things such as radiators baths and and shower heads • Contents insurance will cover all the items items within your home: laptops electrical items items furniture jewellery pictures and and so so on on Some policies will also cover bicycles and and mobile phones • Contents insurance will also also cover cover fire and burglary It can also also cover cover accidental damage and theft of items when you you are away from your home It will either pay for a a a a a a a replacement of of your your items or the market value of of your your item item Your home insurance policy documents might not be be the most gripping read but it’s best to check your policy so that you you you know and and and understand what what you you you are covered for what what is excluded and and and also what your rights and responsibilities are are Like most things it it is best to check anything you you are are unsure about or do not fully understand from the the the outset rather than risking any problems further down the line if you need to claim