Buildings & Contents Insurance

Have you protected your home and personal belongings against damage or loss?

What is Buildings and Contents Insurance?

Buildings and contents insurance are often bought together as a package to protect both your home and your personal possessions.  If you have a mortgage on your property it will be a condition of your mortgage that you have buildings insurance.  There is no legal requirement to have contents insurance but you should consider if you could afford to replace lost or damaged items.

Personal possessions can be protected both inside your home and away from your home; this is usually an option that can be selected when purchasing a policy.  It’s often easy to forget the value of items that we carry with us every day; could you afford to replace your smart watch that you paid £500 for or the designer handbag and matching purse that cost £1,200?

Find out how we can help you protect your home and belongings with Defaqto 5 star rated cover.

Building insurance Suffolk and Cambridgeshire

Contents Insurance

Contents insurance helps towards the cost of repairing or replacing your personal possessions and furnishings in your home and these things are often worth more than you think. Clothing, laptops, iPads, TV’s and media equipment, furniture, jewellery, curtains, bedding, white goods etc all add up; maybe take a walk around your home and make an inventory of your belongings, you will probably be surprised at the value!

Some insurance policies have a single item limit for claim purposes so you may need to itemise high-value belongings to make sure they are fully covered.   We take some of our most valuable items with us when we leave the house, adding ‘Personal Possessions Away from the Home’ would protect these too.

Buildings Insurance

This offers cover for the main structure of your home; mainly this is the walls, roof and windows. Unfortunately, things can go wrong which could put your home at risk.  Whether you have a one bedroom flat or a 5 bedroom detached house, protecting your home is really important.  What would you do if you had a fire or damage caused by a storm?  Repairs can be costly; the correct policy can provide the help you need to repair, rebuild and live comfortably in your own home.

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Fire, smoke, explosions

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Flood, storms, natural disasters

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Fallen trees, lamp posts, aerials or satellite dishes

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Vandalism or malicious damage

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Subsidence

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Vehicle or aircraft collisions

Contents Insurance Suffolk and Cambridgeshire

Confused by the jargon?

Defaqto

This is the star rating given to different insurance policies/companies.  It is a service that compares financial products rating them based on the features and benefits offered, with 5 stars being the top rating.  All of the policies offered through Shire Financial Services Limited are DEFAQTO 5 star rated.

Excess

All policies will have an amount of money that you will need to pay towards the claim on a Buildings and Contents policy, this is referred to as an ‘Excess’.  There is usually a standard excess plus the option to increase what you will pay with a voluntary excess.  The agreed excess will be deductible against your claim with the remaining balance of the claim being paid by the insurer.  Increasing the excess that you agree to pay with any claim will decrease the overall cost of the policy.

Accidental Damage

Whilst we all take steps to ensure we take good care of our homes, accidents do happen.  Accidental Damage is an add-on to your policy which insures against damage that occurs from an unintentional one-off incident.  This does not include any damage considered to be caused by everyday wear and tear, damage caused by pets is often excluded too.

It is possible to take accidental damage on just the buildings part of your insurance or just your contents.  

Examples of things that may be covered by adding Accidental Damage to your buildings policy would be: broken windows, accidental damage to toilets and sinks, damaged kitchen units and built-in appliances, collision damage from a car or tree.

Example of things that may be covered by adding Accidental Damage to your contents policy would be: spilling red wine on the carpet, accidental damage to your laptop, a TV that has been physically broken, damage to your home furniture, including sofas and mattresses.

Legal Expenses

Legal Expenses Cover is an add-on to your policy which is designed to help when legal action is either brought by you or against you in certain situations. Eventualities that could be applicable to this type of cover are:

 

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Purchase of sale of the residence

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Property disputes

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Consumer disputes

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Employment disputes

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Tax investigation

Home emergency cover

Home Emergency Cover provides a 24 hour helpline with access to approved tradesmen to resolve a range of emergencies for example, being completely locked out of the home or complete failure of the heating or electrics. Call out charges, parts and labour costs are covered up to £1,000 with no excess to pay.

 

Still Not Sure?

We can help you by searching insurance products based on a fair and personal analysis for the most suitable Defaqto 5 star rated cover for your circumstances. Contact Us to find out more.

JUST SOME OF THE INSURERS WE WORK WITH

Registered Address

Shire Financial Services Ltd
Surrey House, 41 High Street,
Newmarket Suffolk CB8 8NA
England.

Registered Company No.

05904006
Country of Registration: England

Opening Hours

Mon-Fri: 9:30am to 5:30pm
Sat and Evenings: By Appointment
Sun: Closed

Fee Structure

We receive commission from the mortgage lender. Also, depending on mortgage type and complexity we usually charge a fee between £200-500 and for Expatriate mortgages, a fee of £800. Fees are payable upon Mortgage Offer.

THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

SHIRE FINANCIAL SERVICES LIMITED IS AN APPOINTED REPRESENTATIVE OF SESAME LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY.

COMMERCIAL MORTGAGES, INCLUDING BUSINESS BUY TO LET, ARE NOT REGULATED BY THE FINANCIAL CONDUCT AUTHORITY. FOR COMMERCIAL MORTGAGES WE ACT AS INTRODUCERS ONLY.

THE FCA DOES NOT REGULATE ESTATE AGENTS, SURVEYS AND SOME FORMS OF BUY TO LET MORTGAGES.

FOR ESTATE AGENTS AND SURVEYS, WE ACT AS INTRODUCERS ONLY.

THE FCA DOES NOT REGULATE SOLICITORS AND WE ACT AS INTRODUCERS ONLY.

Equity release refers to home reversion plans and lifetime mortgages. To understand the features and risks ask for a personalised illustration. 

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