Household insurance; buildings and contents

Regardless of your client’s experience as a homeowner, their most prized possession will always be just that, the home. It’s vital that the right protection is in place to fully protect the investment, and that attention is drawn to the perils of being underinsured. Household insurance is an ‘umbrella’ term which covers two types of Insurance, buildings and contents insurance.

When it comes to mortgages, its vital to make the most out of every cross-selling opportunity that comes your way. Introducing household insurance to your clients early on in the process may bring significant returns for you and your business in the long-run.

Buildings

Buildings insurance, often a condition of mortgage acceptance, covers the external structure of the property and relates to the bricks and mortar of the building. If the property were to be damaged by a disaster such as a flood or fire, this type of policy would cover the rebuilding costs, costs of demolition, site clearance and architects’ fees. Buildings insurance also protects fixtures and fittings throughout the home.

Contents

It’s no surprise that when all items within a home are added up, their total worth would be rather significant. Contents insurance is a particularly useful type of cover that protects those items your client has collected over the years, including but not limited to sofas, beds, televisions and sound systems. Contents Insurance usually covers water leakages, storms, flooding, fires, explosions, lightning, and earthquakes.

Referral-free Non-Standard Cover

As the need for non-standard insurance becomes more prevalent every day, there are still a number of GI providers who fail to offer a tailored insurance solution required for clients with high risk properties and circumstances.  At Source we’re pleased to offer a true whole-of-market products, enabling brokers to retrieve an estimated online quote online.

Example risks include

• Flat roof properties
• Unoccupied properties
• Previous subsidence
• Properties undergoing renovation
• Homeworking
• Previous CCJs and IVAs
• Previous claims history