~ home insurance mansfield ~ claims service mansfield ~ contents insurance mansfield ~

When you take on the responsibility of a mortgage you will also need to take responsibility for the structure of your new home and its contents. If you are buying a flat or Apartment, the buildings insurance may be taken out by the freeholder and you will pay premiums as part of your service charge. If it's not, or you are buying a house, then it's up to you to provide cover.

The easiest way to arrange insurance is through your mortgage lender - and 55 per cent of first-time buyers do, but this is usually the costliest way to buy insurance.

Every year, thousands of people blindly renew their home insurance with their current insurer, not realising that they could probably benefit from a superior level of cover at little, if any, extra cost.

Whilst home and contents insurance is often seen as a commodity, and therefore not varying in quality from one insurer to another, this is a long way from the truth. It is well worth you thinking about some key points and considering whether you're with the right insurer. Below is an inside view on some of the main issues for you to assess.

Claims Service

Insurance is an unusual product. You pay an insurer money up-front in the hope that when something goes wrong in the future they will compensate you under the terms of the policy. A claims service which is fast, efficient and takes the stress out of any claim situation is important.

Breadth of Cover

Most insurance policies will cover you for a specified list of events (fire, explosion, theft, storm flood etc), but very few give full accidental loss and damage cover as standard.

Area of Cover

Insurance policies tend to clearly define where your possessions are covered. Many restrict cover to 'in the home' only, others have restrictive cover once items are taken outside the home and only a few provide comprehensive cover anywhere in the world. The top of the range cover is usually referred to as 'world-wide all-risks'.

Security

Most insurance policies nowadays will insist on a minimum standard of window and door locks. Depending on your sums insured and where you live, you may also be asked to fit an alarm. The key thing to watch out for is that most insurers insist that your security is fully put into operation every time you leave the house or go to bed at night. Others are more relaxed and whilst asking for security, will leave it to your sensible discretion as to when it is used.

Valuable items

If you have a decent level of jewellery, watches, fine art, antiques or collections then you are probably going to be asked to specify individual items over a certain amount (usually £1,000) and also provide recent valuations upfront. A few insurers take a more lenient view and will insure these items under your home insurance policy without this hassle.

Theft

Check your policy to see the level of cover given for theft outside of your home. Some insurers will only pay a claim if 'forcible and violent entry to or exit from a building' is involved. Others will provide wider cover for any theft.

Limits

Check your policy for any monetary limits imposed on the cover. For example, theft from cars, theft of money, garden equipment, losses from outbuildings and pedal cycles. These limits not only vary widely between insurers, but some may not provide any cover at all.

If you would like to make arrangements for one of our advisers to discuss Home Insurance Cover with you then please do not hesitate to contact us on 0845 0137907

Address
Mansfield Buisness Centre
Ashfield Ave
Mansfield
NG18 2AE

Telephone
0845 0 137907

E-Mail Address
jonathan@creativefinancial.co.uk