Buying a property is likely the largest financial commitment you will ever make. However, securing your mortgage and getting the keys to your home is only the first step. Ensuring your new home has the right protection in place against unexpected events is absolutely crucial.
At LPR Mortgages, we offer comprehensive protection services alongside our expert mortgage advice. We provide impartial, straightforward guidance to homeowners in Rugby and the surrounding areas, helping you find robust buildings and contents insurance that gives you complete peace of mind.
What is Buildings Insurance?
Buildings insurance covers the physical structure of your property. If your home were to be damaged or completely destroyed by extreme weather, a fire, or a flood, this insurance covers the cost of repairing or rebuilding it. It also typically covers permanent fixtures and fittings, such as your fitted kitchen and bathroom suites.
Important Note for Homebuyers: If you are taking out a residential mortgage, having a valid buildings insurance policy in place is almost always a mandatory condition of your mortgage offer. Your lender needs to know their investment is protected from the day you exchange contracts.
What is Contents Insurance?
While buildings insurance covers the structure, contents insurance protects everything you put inside it. Imagine turning your house upside down everything that would fall out is generally considered your “contents”.
This covers your personal belongings, including:
- Furniture and carpets
- Electrical goods and appliances
- Clothing and jewellery
- Valuables and personal items
If your home is burgled, or your belongings are destroyed by fire or water damage, contents insurance ensures you are not left out of pocket trying to replace your essential items.
Combined Home Insurance Cover
For most homeowners, the simplest and most cost-effective solution is a combined buildings and contents insurance policy. This means you only have one renewal date, one premium to pay, and one point of contact if you ever need to make a claim.
Why Use a Broker for Your Home Insurance?
It is easy to jump onto a price comparison website and pick the cheapest home insurance policy available. However, these budget policies often come with high excess fees and severe hidden exclusions in the small print, leaving you completely unprotected when you actually need to make a claim.
As your impartial adviser, we do things differently:
- We read the small print: We ensure your policy covers exactly what you need it to, with no nasty surprises.
- Tailored to your lifestyle: If you have high-value items, expensive technology, or you work from home, we ensure your cover reflects your actual life.
- A seamless process: We can arrange your home insurance alongside your mortgage application, ensuring everything is legally in place ready for your completion day.
Book Your Free Protection Consultation Today
Do not leave your most valuable asset underinsured. Let us help you find the right level of protection for your property and your family.
Call Lloyd Directly: 07568 091968
Email: lloyd@lprmortgages.co.uk
