What is buildings insurance and what is contents insurance?
Buildings insurance will cover the bricks, mortar and structure of your property along with its permanent fixtures and fittings. Contents insurance meanwhile covers all of the non-permanent items that you keep inside your home such as televisions, beds, computers, carpets, etc. Q: How high should you set the insurance policy limits? A: For the buildings insurance aspect of a policy you should cover the rebuild value of a home that means how much it would cost to rebuild if it were to burn down. You should not cover its retail value as this takes other factors into account such as location and the land you own. With contents insurance you should make a regular assessment of the value of the contents in your home and insure appropriately. Q: What is new for old? A: New for old cover means that you get a brand new replacement for any item that is stolen or damaged beyond repair. The opposite of new for old cover is indemnity cover with which you receive a like for like replacement so if t
