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THE IMPORTANCE OF HOME INSURANCE

Costs of living around the country are increasing, and as a homeowner, it seems financially irresponsible to not purchase insurance. That being said, your home is the biggest and perhaps most costly investment you will ever make in your lifetime. Thus, it only makes practical sense to protect your investment with insurance. In fact, many homeowners around the globe are already doing so. Here are some reasons why this type of insurance is important. Property insurance offers coverage against many disasters including, but not limited to, floods, fires, earthquakes and other weather-related damages. Regardless of your homes size, location, and other security features that you may have added, no property is invulnerable to fires, floods, or burglaries.


In some cases, the land your property is built on can also erode and send your home crashing down. A less known benefit of property insurance policies is its liability coverage clause. Sure, being a careful homeowner can help prevent a lot of accidents and injuries, but an incident could include your neighbours or your neighbour’s home. Liability coverage can help protect against these potentially costly incidents.


For homeowners who have expensive jewellery, art pieces, or other valuable possessions in their home, will be required to insure these items under a specific section rather than under general contents. Furthermore, cover can also be extended to include specific items to be covered outside of the home.


These are just some of the many things that household insurance can protect you from. Note that not all insurance policies are cut from the same cloth. You'll want to sit down and discuss specific coverage features that work best for your property and personal circumstances.

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Oncover Insurance Services Limited is authorised and regulated by the Financial Conduct Authority (FCA).  Our FCA Register number is 306045. The FCA's register can be accessed through www.fca.org.uk/register. We are covered by the Financial Ombudsman Service (FOS).  See their website https://www.financial-ombudsman.org.uk/ for further information. Registered in England & Wales under Company no. 04036567. Registered address: 89c College Place London NW1 0DR.