Why do you need Home Insurance?
Home insurance protects your house and everything inside it including the fixtures, fittings and all of your belongings. It will cover theft and damage to your property caused by fire and bad weather, and will protect your possessions against theft, damage and loss.
Chances are your house will be the most expensive purchase you ever make. Not only that, it's filled with your most cherished possessions. And because no two homes are the same, we offer different types of home insurance to make sure homeowners, renters and landlords all get the right cover. There are three main types of home insurance - buildings, contents and combined.
What type of cover do I need?
If you're a homeowner and live in the property, you may want to purchase a combined policy which includes both buildings and contents cover as you're responsible for anything that happens to your home and its contents.
Renters only need to look at contents cover as your landlord is responsible for the structural maintenance. However, you should always check the terms of your rental agreement to be sure.
If you're already a homeowner, or you're a first-time buyer, you will be aware that buildings insurance is a condition of a mortgage offer.
What is buildings insurance?
This cover protects the bricks and mortar of your home, if your walls, roof, ceiling, fitted kitchen and any other structural items were damaged, you would claim on this policy. Fire, water and malicious damage are all covered by Admiral Buildings Insurance.
It's important you calculate the rebuild cost rather than the estimated value of your home. Be sure to give an accurate valuation as over-estimating could leave you paying higher premiums, while under-estimating could result in you receiving a lower payout if you were to claim. Read our calculating rebuild costs guide to help with the sums.
The difference between buildings and contents cover
While buildings insurance covers the structure of your home and most things fixed down, contents insurance covers your possessions - basically, the things you'd take with you if you move. Contents insurance isn't compulsory, but could you replace everything in your home if it was stolen or damaged?
Contents insurance covers items in your home such as your furniture, clothes and electrical items if they are damaged, lost or stolen, up to £150,000 depending on the level of cover you choose. Just like with buildings insurance, you'll need to estimate the value of the items you want covered in your home. To help you work out what your contents are worth, use our contents calculator for guidance.
You will need to tell us about any high risk items you or your family own which are worth more than £1,000. Think of things like computers, laptops, audio visual equipment and jewellery. Read more about contents insurance.