What is budget home insurance UK?
Budget home insurance UK provides customers with financial insurance for their homes, and will protect them from loss resulting from theft, water damage, flooding, fire, vandalism and storm damage.
Budget home insurance UK provides customer with some of the cheaper home insurance options, but is far better than not having a home insurance policy at all. The last few years have seen families fighting to stay afloat, and research has shown that many have stupidly cut out their home insurance completely, leaving themselves at risk of huge repair bills, or having to replace thousands of pounds worth of possessions should the worst happen.
Why do I need budget home insurance UK?
There are many reasons why a customer would need to take out budget home insurance UK, with the simple financial implications of not having it enough to make most people take out the cover. Your budget home insurance UK policy will look after either your contents, the structure of your home or both. If your home was to burn down, you would be left with a mortgage for a home you could not live in, no possessions and having to find extra money to pay for alternate accommodation and for new clothes to wear.
There are different forms of budget home insurance UK. Home contents cover looks after the contents of someone’s home, whilst home buildings cover looks after the structure. Not everyone will need both contents and buildings cover. You should insure the element you are responsible for.
Home contents cover is needed by anyone who owns their own home, and anyone who rents a home. It is not always needed by landlords, who rent their homes out with nothing in them. Bare in mind carpets are part of your home contents insurance quote.
Home buildings cover is needed by anyone who owns their own home, but not always be people who own their flat, but through a leasehold, as the freeholder is often responsible for insuring the building.
Those who rent their home will not need home buildings cover either as it will be the landlords responsibility to insure the structure of the home.
When you take out budget home insurance UK, you may also be offered boiler cover, and appliances warranties. Boiler cover provides insurance for your boiler, while appliances warranties extends the warranties of the appliances in your home.