Table of Contents
Introduction to Homeownership
Owning a home is a significant investment, and it’s essential to understand the responsibilities that come with it, including having the right home insurance cover.
As a new homeowner, you’ll need to consider buildings cover to protect your property from damage or loss.
It’s crucial to find the right level of home insurance to ensure you’re adequately covered in case of an emergency.
Don’t forget to review your policy carefully to understand what’s included and what’s not in your home insurance.
Understanding Insurance
Home insurance typically includes buildings insurance and contents insurance, which can be purchased separately or as a combined policy. New homeowners will not have built up any no claims discount at this stage and this can be significant, perhaps a discount of up to 40% of what you will pay. But as long as you do not claim, this discount will start to accrue and reduce the amount that you have to pay for your home insurance policy.
Because of this, new homeowners sometimes only take buildings cover for the property, as for example they may yet have only a few contents in the new home. However, that does mean that if there is a claim for something that affects buildings and contents then any contents lost or damaged would not be subject to replacement.
Cover limits vary depending on the type of policy and provider, so it’s essential to choose a policy that meets your needs. Emerald can help with that!
Consider optional cover for accidental damage, mobile device protection, and fixed glass to ensure your property is fully protected – cover for you and your family
Legal costs can be expensive, so look for a policy that includes legal cost coverage. Not every home insurance policy on the market is the same, so for any policy check the limits, what value you have to add in, does it cover your garden, and what is the cost or price compared to the value it provides. Of course for a quality home insurance, we think that we can help here at Emerald.
Get a Home Insurance Quote from Emerald Today!
Emerald is an award-winning home insurer – and we work a lot with new homeowners, helping to explain how insurance policies work and some of the jargon (alternative accommodation, trace and access, excess and excesses, change in circumstances). We pride ourselves on being knowledgeable and easy to work with.
Call us for a quick quote on 0330 113 7109, request a callback from our website, or email us at customerservice@emeraldlife.co.uk. Our service and pricing is why many customers get their insurance with us, and after customers paid our service continues. Try us for a contents policy – or any other home insurance related issues. We are always happy to talk about cover for you and your property, be it new home or old home.
Buildings Insurance
Buildings insurance covers the cost of repairing or rebuilding your home if it’s damaged or destroyed. Confusingly it is also sometimes called home insurance.
This type of insurance typically includes coverage for burst pipes, storm damage, and fire.
Make sure to review your policy to understand what’s included and what’s not.
Consider adding extra cover for alternative accommodation in case you need to move out of your home temporarily.
Home Insurance Cover
Home insurance cover can vary depending on the provider and policy, so it’s essential to choose a policy that meets your needs.
Consider contents insurance to protect your belongings from theft, damage, or loss. Some people decide not to pay for contents cover and regret it when the things in the house or property turn out not to have cover.
Combined policies can offer extra cover and convenience, but may not always be the best option for our cover needs.
Review your documents carefully to understand what’s included and what’s not.
Policy Documents
Your documents are essential to understanding your home insurance coverage.
Make sure to review your documents carefully to understand what’s included and what’s not.
Keep your documents in a safe place, such as a log or digital storage, so you can access your property cover easily.
Consider cover for accidental damage and mobile phone protection.
Mobile Phone and Emergency Contacts
Make sure to keep important emergency contacts, such as your insurance provider, in a safe and accessible place should you need to claim for you or your family, such as for accident or loss of money.
Consider adding phone protection to your home insurance policy – it is your property after all, and they are of value, with a high replacement price.
Keep your phone and other valuable items safe and secure to avoid theft or loss.
Review your documents to understand what’s included and what’s not and make sure that you have the right level of cover in terms of rebuild value, including any items like non-standard roof.
Contents Insurance
Contents insurance protects your belongings or those of your family from theft, damage, or loss (although wear and tear is not included).
Consider combining cover to include buildings insurance and contents insurance for convenience and extra peace of mind should you need to claim.
Review your property policy carefully to understand what’s included and what’s not and especially how you may claim. Some insurers will buy new for you but some will repair. There’s no right or wrong answer on the job in this case, but you should at least know what your cover provided as part of your own security check.
Keep an inventory of your belongings to ensure you’re adequately covered in the event of flood or fire at your address.
This can also include contents in your garden, such as pots and garden furniture for example.
Add On Options
Add on options can provide extra cover and convenience, but may not always be necessary.
Consider optional cover for accidental damage, mobile phone protection, and fixed glass and replacement over repair.
Review your policy documents to understand what’s included and what’s not.
Make sure to choose add on options that meet your needs and provide adequate cover limits.
Conclusion – Emerald can help
Emerald has been covering flats and houses for a long time – and for first time buyers. We have a high level of expertise, which you may need as a first time buyer. With trained customer agents, top customer reviews and a high level of satisfaction, we aim to meet your needs and we hope that we can help you.
Starting is simple – just call us on 0330 113 7109 or email us on customerservice@emeraldlife.co.uk and we would love to hear from you.