Home Insurance belongs to the category of General Insurance products. This type of policy can be used to protect a private property that you own and live in. It can cover both Building insurance and/or Contents Insurance. When renting a flat or house, you can also purchase tenant insurance, which covers your personal belongings in the property.
The safety of your home and family is a priority. Insure your assets today!
In most cases, individuals who own property purchased on a mortgage are required to have at least Building Insurance.
Individuals who do not own property but only rent a house or flat where they live can also take out their Contents Insurance.
Sample Quote – Building and Contents
| Type of building / year of construction: | Semi-detached house / 2010-2020 |
| Building insurance sum insured | Up to £1,500,000 |
| Contents insurance sum insured | Up to £80,000 |
| Alternative accommodation: | Up to £50,000 |
| Basic accidental damage: | Included |
| Home emergency repairs | Up to £1,000 |
| Owner’s liability: | Included |
| Standard excess | £350 |
| Monthly premium | £20.25 |
| Insurance company: | LV= (Liverpool Victoria) |
| Package type: | Home Gold Insurance |
*This sample quote was generated on 23/03/2024 for a 42-year-old person owning a semi-detached house built in 2019 in Derbyshire. Policy type: Buildings & Contents./p>
The final insurance price depends on many factors and the scope of coverage. Before entering into any insurance agreement or other financial product, it is advisable to seek individual advice regarding your requirements and the general terms of the contract.
Get insured in 3 simple steps:
Free, no-obligation quote
Tell us about your needs and requirements, and we'll present the available options.
Customised offer
After our initial conversation, we'll determine the solutions that are most suitable for you. You'll receive an offer via email, usually within 1 day.
Formalities and application
Once the insurance recommendation is finalised, we'll handle all the formalities related to the application and medical questionnaire. Upon approval by the insurer, your policy will be activated immediately.
Home insurance in the UK – why choose advice from Prestige Financial Advisers?
What types of policies do insurance companies most often offer?
- Building only Insurance
- Contents only Insurance
- Building and Contents Insurance
- Personal Possession Cover add-on – Personal items used outside the home
- Legal protection
- Accidental damage – Damage caused by the client’s fault
- Bicycle cover – Bicycle insurance at home and away
Events typically covered by insurance and most commonly encountered exclusions can be found in the FAQ section below.
What sets us apart?
Security
Prestige Financial Advisers Ltd is an appointed representative of Quilter Mortgage Planning Limited, which is authorised and regulated by the Financial Conduct Authority. Additionally, the majority of the deals we recommend are covered by the Financial Services Compensation Scheme (FSCS).
Experience
With over a decade in the UK market and a track record of thousands of satisfied clients.
Knowledge
All our advisors hold top-notch British qualifications from either The London Institute of Banking & Finance or the Chartered Insurance Institute.
Language
We communicate in plain, understandable language, avoiding unnecessary jargon. Moreover, we are also fluent in Polish.
Choice
We exclusively offer policies from well-respected and trusted insurance firms across the UK.
Accessibility
We cater to clients from all corners of the UK, offering consultations online or over the phone. Each client is assigned a dedicated advisor who handles everything from arranging offers to managing policies.
No Fees
You won't encounter any hidden charges with us. Our remuneration comes from the insurance companies where your policies are set up.
FAQ
What events are typically covered by home insurance and what are the most common exclusions?
Events typically covered by Content insurance:
- Fire, smoke, explosion, lightning strike, or earthquake,
- Riots, civil commotions, strikes, industrial or political disturbances,
- Malicious damage or vandalism,
- Theft or attempted theft,
- Storm or flood,
- Subsidence or heave,
- Impact or collision,
- Water or oil leakage.
Additionally, we may encounter the following events covered by insurance:
- Tenant’s liability (usually up to £2,000,000),
- Alternative accommodation (including pets),
- Garden plants and shrubs,
- Electronically downloaded data,
- Theft from outbuildings or garage located within the property boundaries,
- Office equipment if working from home (administrative work),
- Replacement of entry locks.
Most common exclusions:
- Policy excess – the amount the insured must cover in the event qualifying for compensation,
- Excess for water or oil leakage and subsidence or heave is usually higher than the standard excess,
- Loss or damage when the property was unoccupied for more than 30-60 days,
- If the property is left overnight without occupants, doors and windows should be properly secured (refer to policy guidelines),
- Limit on a single item (e.g., up to £5000) and on jewelry (e.g., up to £2000) – if an individual item exceeds the allowable limit specified in the policy, it can also be specified separately, making it fully insured (usually associated with an additional premium).
Contents only Insurance in the UK
Events typically covered by Content insurance:
- Fire, smoke, explosion, lightning strike, or earthquake,
- Riots, civil commotions, strikes, industrial or political disturbances,
- Malicious damage or vandalism,
- Theft or attempted theft,
- Storm or flood,
- Subsidence or heave,
- Impact or collision,
- Water or oil leakage.
Additionally, we may encounter the following events covered by insurance:
- Tenant’s liability (usually up to £2,000,000),
- Alternative accommodation (including pets),
- Garden plants and shrubs,
- Electronically downloaded data,
- Theft from outbuildings or garage located within the property boundaries,
- Office equipment if working from home (administrative work),
- Replacement of entry locks.
Most common exclusions:
- Policy excess – the amount the insured must cover in the event qualifying for compensation,
- Excess for water or oil leakage and subsidence or heave is usually higher than the standard excess,
- Loss or damage when the property was unoccupied for more than 30-60 days,
- If the property is left overnight without occupants, doors and windows should be properly secured (refer to policy guidelines),
- Limit on a single item (e.g., up to £5000) and on jewelry (e.g., up to £2000) – if an individual item exceeds the allowable limit specified in the policy, it can also be specified separately, making it fully insured (usually associated with an additional premium).
Combined building and contents insurance – Building and Contents Insurance
It includes elements of both of the above policies.
Both home insurance in the UK and contents insurance can be extended with an accidental damage option, which extends the scope of insurance to unexpected accidents, such as coffee spillage on a carpet.
Personal Possession Cover - Personal items
An additional option that provides protection against accidental damage or loss of items used at home or outside.
Most commonly included items:
- Jewelry,
- Clothing,
- Mobile phone,
- Keys,
- Watch, glasses, photographic equipment,
- Sports accessories,
- Cash and credit cards.
Family Legal Expenses add-on – Legal protection
An additional option – legal protection, providing coverage or protection for your affairs in relation to issues such as:
- Legal defense,
- Employment disputes,
- Contractual disputes,
- Personal injury,
- Clinical negligence,
- Property protection,
- Tax protection.
- Accidental damage – damage caused by the client’s fault
Accidental Damage
Accidental Damage in UK home insurance policies provides compensation for accidental damage caused by the client, such as breaking a window or spilling wine on a sofa.
Bicycle cover
Insurance for bicycles at home and away.
This add-on provides protection in case of theft or damage to bicycles both at home and away, allowing for repairs or replacement in case of damage.
The above information contained in points 1-7 is merely intended to present possible configurations of home / property insurance available in the UK. They are not intended as advice or advertisement.
Policy terms may vary depending on the choice of insurance company. It is important to carefully review the policy documentation.
Is home/building insurance mandatory in the UK?
Home or building insurance is not mandatory in the UK, but it is highly recommended. In the event of damage, the owner may be responsible for repairs or compensation, which can be costly.
If you have a mortgage on your home or apartment in the UK, your lender may require building insurance.
What is the difference between building insurance and home/contents insurance?
Building insurance covers the structure and elements related to the building, such as the roof, walls, foundations, installations, permanent fixtures, etc. Contents insurance covers items inside the building, such as furniture, appliances, electronics, and others. Contents insurance can cover the damage or theft of items.
Are there specific limits for home insurance in the UK and what could be the consequences of exceeding these limits?
Yes, there are specific limits for home insurance in the UK. This means that if the value of the damage exceeds the insurance limit, the owner may incur costs beyond those covered by the insurance. Therefore, it is important to carefully consider and estimate the value of your home or apartment and its contents, and then choose appropriate insurance limits. The assistance of an experienced advisor who can help choose the right insurance can be invaluable.
What information are needed to purchase home insurance in the UK?
To purchase home insurance in the UK, you will typically need to provide information about the building, such as its age, construction type, number of rooms, as well as information about the estimated values of insured items in the case of contents insurance.
What is excess?
Excess, also known as “policy excess,” is the amount the client must pay out of pocket before the insurer starts paying compensation in the event of a claim.
What is the rebuild cost?
The rebuild cost refers to the estimated financial value needed to rebuild the property from scratch in case of total destruction, including the costs of materials and labour.
How often is home insurance renewed in the UK?
Home insurance in the UK is typically renewed annually.
Will previous claims affect the price of property insurance?
Yes, previous claims can affect the price of property insurance, as the insurer may consider the client a higher risk and set a higher premium or coverage limitations.
Can I pay for the policy monthly?
Yes, many insurers allow for monthly payments, which can be a convenient option for customers spreading costs over 12 installments.
What are the potential differences between home insurance in England and home insurance in Wales?
Potential differences between home insurance in England and home insurance in Wales may arise from differences in local building regulations, property location, and risks associated with local conditions.
Can items in the garage or garden shed also be insured?
Yes, many insurance policies also cover items stored in the garage or garden shed, but it is worth checking the policy terms to ensure they are adequately covered.
Would you like to learn more or purchase insurance for your home
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