Home Insurance

What is Home Insurance?

Home insurance is a core policy that is often required when taking out a mortgage. It provides financial protection in the event that your property is affected by any unexpected events such as fire, flood, storm damage, or accidental damage. At this time, you can also add optional cover, such as contents insurance, to protect your belongings inside the home. Boon Brokers provide expert, fee-free mortgage and insurance advice that will help you find the right combination of cover to protect your home, suit your lifestyle, and fit your budget.

Fee-Free insurance advice
Whole-of-market access
End-to-end support and guidance
Regulated and authorised by the FCA

Submit an enquiry and await contact from one of our expert fee-free brokers.

Expert Advice

Your broker will listen to your insurance requirements and provide a proposal.

Insurance Submission

Your broker will submit your application and await your policy documents.

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What Does Home Insurance Typically Cover in the UK?

Home insurance is commonly known as building insurance or can be used as an umbrella term for both buildings and content insurance. However, your home insurance can be tailored to your exact needs, usually including buildings insurance, contents insurance, or both. A home insurance policy will traditionally cover your home’s structure against unexpected events such as fire, flood, storm damage, or accidental damage. This insurance is typically required for securing a mortgage as lenders will want a financial guarantee for their investment.

Do I Need Both Buildings and Contents Insurance for My Home?

No, neither home insurance or contents insurance are legal requirements in the UK. However, most mortgage lenders insist on building insurance to protect the property’s structure. Contents insurance, which covers your personal belongings, is optional but recommended. At Boon Brokers, our advisers help you decide which combination of cover best suits your home, lifestyle, and budget.

Is Home Insurance a Legal Requirement in the UK?

No, home insurance is not a legal requirement, however, buildings insurance is usually required by mortgage lenders. At Boon Brokers, our expert mortgage and insurance advisers will guide you through all your insurance options, ensuring you secure the right level of cover for your property.

How Much Home Insurance Should I Take Out?

The value of your insurance should correlate with your properties rebuild cost, not the market value. For any additional add-ons, such as contents insurance, it’s best practice to estimate the cost of replacing all belongings in case of total loss. Our expert advisers at Boon Brokers can assist you in your insurance policy, ensuring you secure the cover that fully protects your needs.

What Is Accidental Damage Cover on Home Insurance?

Accidental damage cover is an optional extra that protects against unforeseen mishaps such as broken windows, spills, or damage caused by daily living. This cover provides extra security and peace of mind, particularly for busy households or homes with children and pets.

Can I Get Home Insurance for a Rental Property in the UK?

Yes. Landlords have access to specialist landlord insurance, typically including buildings cover with optional extras such as liability protection and rent guarantee insurance. On the other hand, tenants can also take out contents insurance to protect personal belongings in a rented property. Whether a landlord or a tenant, Boon Brokers can help guide you to the policy you need.

Does Home Insurance Cover Flood Damage?

Yes, many policies will include flood damage cover, but it’s important to note that exact coverage will depend on your chosen provider and property location. High-risk areas may face exclusions or higher premiums.

How Can I Reduce My Home Insurance Premium?

There are three main ways to reduce premiums by:

Increasing your voluntary excess
Improving home security
Combining buildings and contents insurance

Speaking with a whole-of-market mortgage and insurance broker - like Boon Brokers - will help you explore all of your options, compare multiple quotes, and find the policy that best balances cost, coverage, and your home’s needs.