Compare Home Insurance
UKfinancemarket.co.uk has teamed up with several leading providers of home insurance and price comparison websites in the UK to help you find an excellent deal on your home insurance.
Compare Home Insurance Deals:
Introductory discounts and offers do change from time to time - visit provider's website for up to date info
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InsurerOnline
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Aviva Home Insurance
15%
up to 50%
Barclays
Home Insurance
25%
Columbus Direct
Home Insurance
20%
HSBC
Home Insurance
10%
M & S
Home Insurance
20%
Prudential
Home Insurance
20%
up to 30%
The Co-operative
Home InsuranceDouble Discount:
33% off contents cover when you
buy togther with buildings cover
+ 15% discount when you buy online
up to 40%
Virgin Money
Home InsuranceDouble Discount:
10% discount when you buy
buildings and contents together
+ 5% when you buy online
Our top choice for comparing home insurance quotes online is Gocompare.com who search and compare prices from over 50 insurance companies to get you the right cover at a low price. Gocompare.com’s quick and easy-to-use 5 Star Rating system means you could obtain a quote and be covered within minutes.
If you would like a quote from Gocompare.com click on the link above. You will only need to fill in one form and the prices quoted are fully underwritten, not estimates.
Go compare all the following insurance providers with GoCompare.com:
Allianz Cornhill, AXA, Congregational & General, Fortis, Groupama, Heath Lambert, Landmark (AIG), Legal & General, MMA, Norwich Union, RSA, Sterling, Towergate, Zurich
Home Insurance Reviews:
Why have Home Insurance?
UK homeowners can have either a joint buildings and contents insurance policy, or a separate buildings insurance policy or contents insurance policy. Most homeowners will have a joint buildings and contents insurance policy since having both types of insurance with the same insurer will usually mean a discount on the price you pay for cover.
Buildings Insurance
If you have a mortgage on your home, your mortgage lender will demand that your property has buildings insurance. This is because your property is the lender‘s security on the money you borrowed from them to purchase your house. Buildings insurance will usually pay you a lump sum if your house is partially or fully destroyed by floods, subsidence or fire. Damage to items known as ‘fixed fittings’ such as kitchens, bathrooms, sheds and garages are often covered under a buildings insurance policy.
Most houses are ‘freehold’ properties. If you own a leasehold property, such as a flat in a block of flats, the freeholder will usually arrange separate buildings insurance cover for the whole block of flats. Therefore, you would not need to arrange your own buildings insurance policy.
It is important to remember that your buildings insurance cover is based on what your home would cost to rebuild, not it‘s market value. You can check whether you have enough buildings insurance cover through the Building Cost Information Service (BCIS) website. It has an online tool to help you calculate the sum you should insure your home for in case your home has to be entirely rebuilt. Visit www.bcis.co.uk for more information.
If you make any amendments to your house such as an extension, loft conversion or conservatory you will need to tell your insurer since it’s unlikely you’ll be covered in the event you make a claim. Under buildings insurance the contents and possessions in your home are not covered – to protect your contents and possessions you will need contents insurance, information about which is detailed below.
Contents Insurance
Contents insurance protects you for the loss of or damage to the contents and possessions in your home. This includes things like your electrical goods, clothes and furniture. You can also get cover for items you take outside your home, such as cameras, jewellery and laptops. Different policies offer different levels of cover, but generally you should be covered against theft and fire, and have the option to insure against damage you may cause by accident, but this will be at an extra cost.
You might not be covered for all your contents and possessions in your home. This will depend on the maximum amount your insurer is willing to pay when you claim, and it may pay a maximum amount on single articles, regardless of how much it cost when you purchased it. When obtaining and comparing home insurance quotes you’ll need to specify the total value of the contents and possessions you want to insure. Some insurers have limits on the value of any one item under the general policy so you’ll need to specify individual items such as expensive jewellery or electronic equipment. Your cover may also be affected or cancelled if you leave your house empty for an extended period of time, typically any period in excess of 30 days, or if you let it out. Damage to the building itself, or fixtures, such as kitchens and bathrooms, is also not covered under a contents insurance policy – for this you will need buildings insurance, information about which is detailed above.
Some contents insurance policies offer ‘new for old’ replacements in the event of a claim. This means the insurer will replace old contents and possessions, such as electronic goods, with new ones in the event of a claim. It’s important to note that if you do claim your monthly premiums are likely to increase the following year, or your insurer may refuse to cover you for the same risk if it happens more than twice.
Many insurers will offer discounts if you have good home security, such as a burglar alarm, window locks or if you’re a member of a Neighbourhood Watch scheme. Homeowners may also get a discount if they combine contents and buildings insurance in one policy with the same insurer.
As with any type of insurance, you shop around at renewal time and compare home insurance quotes to make sure you get the best deal for your circumstances. Most home insurance policies have a standard excess charge which means you agree to pay the first part of any claim, for example the first £100 or £150. If you agree with the insurer to pay a higher excess you should pay lower premiums and obtain a cheaper home insurance policy than you otherwise would with a policy without an excess charge. When obtaining and comparing home insurance quotes you should always compare what’s covered by a policy, and more importantly, what’s not covered; the key policy information available from the insurer when you obtain and compare home insurance quotes will assist you in doing this. While some quotes might be cheaper than others, they may not offer the same level of protection.
