The Complexities of Home Insurance Explained

When it comes to home insurance, there are a few things that everyone should understand. The first is about what it means to have accidental damage cover applied to your home and contents and how all risks coverage will mean that items are insured away from your home.

If you are looking for advice on home insurance then onesure insurance can offer that as well as allow you to potentially improve on your premium. It can pay to go with a broker who has the choice of many different insurance companies all offering buildings and contents insurance with different terms and conditions. This can save you much internet searching time when you are looking for competitive insurance prices.


What is Accidental Damage Cover?

The first thing to note is that accidental damage cover can be purchased for your buildings and contents. It is more expensive but can be well worth it if you or a member of your family is accident-prone and into experimental DIY and when you have children or pets. Whatever your situation, with accidental damage cover included, you are increasing your peace of mind when accidents will happen.



Many home insurance policies will offer accidental damage cover as part of the buildings section of the policy. This type of cover can protect you financially if your home is damaged by a DIY job that went wrong. It’s important to note that not all policies offer this type of cover, so be sure to check before you buy.



Accidental damage can cover you and your family living inside the home against accidents, such as spilling coffee on a laptop or a child accidentally knocking over a vase.

It is important to note that some policies will only cover accidental damage that occurs inside the home, while others will also provide coverage for damage that takes place outside the home. It’s also important to check what is not covered by the policy, such as damage caused by natural disasters or vandalism.

If you’re considering purchasing accidental damage cover for your home, be sure to read through the policy carefully to make sure you understand what is and isn’t covered. This will help ensure that you’re fully protected in the event of an accident.


All Risks Cover

When it comes to home insurance, the optional all risks section of a policy is one of the most important things to understand. This type of coverage will protect your belongings when they are away from your home. For example, if you take your laptop with you on vacation and it’s stolen from your hotel room, all risks would provide protection. All risks cover is not automatically included in home insurance policies, so be sure to check with your insurer to see if it’s something that can be added on.

Policies that extend to all risks will typically have a limit on the value of items that can be covered. This means that if you have a valuable item, such as a piece of jewellery, you may need to purchase a separate all-risks policy to insure it.

It’s also important to check what is not covered by the all risks policy. For example, all risks policies typically exclude coverage for items that are lost or stolen while left unattended in a car.


Policy Excesses

Most home insurance policies will have an excess, which is the amount you will need to pay towards a claim. The excess on your home insurance policy is the first amount that you will be responsible for if you make a claim. It is important to know how much a claim would need to be to make it worthwhile claiming from your insurance company.

Also, be aware that making a claim will likely put up your premium substantially the following year. It is a decision to make but it is good to know that if the claim were to be for a substantial amount, it could prove to be much more than all the premiums you had paid.

Rebuilding Costs

You should also be aware that home insurance usually doesn’t cover the full cost of rebuilding your home in the event of a disaster. Most policies will only pay out around 60-70% of the rebuild cost, so it’s important to make sure you have enough coverage. Let’s understand it with an example. In case your home got damaged due to a fire, you would need to have the necessary coverage to rebuild your home with the help of professional fire restoration experts. If you didn’t have enough coverage, you would be responsible for paying the remaining costs out of pocket. This is why it is important to make sure you have the right amount of coverage for your home.

Home insurance can be a complex topic, but it’s important to understand the different types of coverage available and what might be best for you. It is particularly important to be aware of accidental damage cover when you are looking to purchase insurance for buildings or contents and all risks when insuring contents.

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