Buildings insurance covers the cost of repairing the structure if it is ever damaged or destroyed in a fire, flood, or any other disaster. This insurance is based on your home’s value and how much it would cost to rebuild entirely, including demolition costs, site clearance, and architects’ fees. Additional costs such as replacing sheds, garages, pipes, and cables will also be included.
Contents insurance provides cover for all your possessions, from your living room TV to your garden shed tools. While manually itemising your belongings to value your contents can be labour-intensive, several online calculators can help you do this.