Whether you are buying your first home or investing in a buy-to-let property, obtaining appropriate buildings and contents insurance is an important part of the process. At IMC we like to make the process of buying a home as simple and efficient as possible for our clients. That’s why we work with a range of providers to act as a home insurance broker and supply insurance quotes for all types of residential property purchase.
Buildings insurance covers the structure of the property, including the walls, floors, roof, ceilings, doors and windows. It also includes internal parts of the property like fitted kitchens, bathroom suites and any built-in cupboards or wardrobes, as well as usually covering external features such as garages and sheds.
Buildings insurance provides peace of mind in the event of damage to, or destruction of, these parts of the property caused by fire and explosions, weather (storm damage, falling trees, lightning), earthquakes, bursting/freezing pipes and other factors such as vandalism or a vehicle colliding with the building.
While new-build homes come with warranty cover for the structure, this does not extend to protection against the weather or damage from external sources such as vehicles, so it is still a good idea to take out buildings insurance in order to have complete peace of mind.
Contents insurance covers the possessions within a property – everything from sofas to audio-visual equipment – against damage, loss or theft. While buildings insurance will cover the structure of a home that has flooded, contents insurance will cover the possessions affected by the floodwater. This is why most homeowners consider both kinds of insurance to be an essential part of the package when purchasing a new home.
IMC is committed to providing every client with a tailored financial package and this encompasses advice on insurance as well as mortgages.