Insurance for homeowners
Care for your home
What is home insurance?
Homeowners insurance consists of two different types of cover, buildings insurance and contents insurance. Having the right home and contents insurance for your property can make a big difference, and our home insurance brokers are here to ensure you get the right cover for your needs.
With access to hundreds of products from the UK’s best home insurance providers, our brokers will take the time to understand your individual needs to find the best deal for your needs.
As we only work with the best house insurance companies, you can be sure that our insurance for homeowners is of the highest quality and at an affordable price. There is also absolutely no form filling to do, as we take care of all your admin for you.
Ready to arrange your new home and contents insurance? Get in touch and speak to one of our home insurance brokers today!
What does home insurance cover?
Insurance for homeowners or buildings cover as it is commonly known, covers the structure of your property and its fixed fittings. If your home sustains any damage from an unexpected event such as a fire, flood or storm, your provider will either pay to repair or rebuild your property to its original condition. Most buildings insurance policies will also pay out for things such as a burst water pipe or subsidence.
If you are buying a new property or remortgaging, your lender will usually insist that you have buildings insurance in place. The only exemption is if you are buying a leasehold property, as this will likely be covered by your service charge.
What does contents insurance cover?
Contents insurance protects the goods inside your home, such as your furniture, clothes, carpets, and TV, from theft or damage. It is not a prerequisite of your mortgage to have this type of cover. But, if you calculate the cost of replacing all your belongings, then it is certainly worthwhile having. Combining your buildings and home contents insurance can also make your cover slightly cheaper than two separate policies, which our insurance brokers can help you arrange.
When to get building insurance when buying a house
If you need a mortgage to purchase a property, your building insurance policy will need to be in place before you exchange contracts. Your solicitor will be able to tell you the exact date this will be and if you are moving home, you will need to inform your provider.
Moving home can often be a good time to review your home cover, which we can help you with. Our insurance brokers can quickly see if you could switch to a better deal. And, if you need to pay an early cancellation fee, they can help you decide whether it will still be worthwhile,
Fosters Financial Ltd act as a credit broker not a lender for buildings and contents insurance.