No need to wait for your Home Insurance.

Anyone who owns a home; whether it is purchased or rented. If you have purchased a new property and wish to live in it or keep it vacant, a home insurance policy gives you peace of mind and protects your asset. On the other hand, rental properties are usually covered by landlord insurance; however, contents insurance adds an extra layer of protection and coverage for things that aren’t covered in the landlord insurance.

A standard homeowners insurance policy typically protects your house and covers any interior or exterior damage to its structure. For example, interior and exterior damages that result from unfortunate events such as fire or flood. Moreover, loss or damage of personal assets and injury that arises while on the property are all included in a homeowners insurance policy. It is also worth mentioning that homeowners insurance may be required by some mortgage companies.

Landlord insurance covers lots of the things that regular home insurance does, but it goes further by covering rental activities and the risks that come along with them. This goes all the way from renting out a luxury property to a single room. If you are planning to have one tenant or more, you’ll need specifically tailored landlord insurance to cover your property; for home insurance won’t do it in such a case.

Contents insurance is designed to protect your belongings. By contents we mean, the things that could be taken with you if you decide to move out. A contents insurance policy covers you against loss, theft, or damage to your personal and home belongings. Even though comprising a thorough list of your belongings may be a tiresome job, asking your insurance company for a contents insurance policy that covers valuables certainly is a smart move. Furniture, kitchenware, electronics, antiques, and jewelry are some of the things that could be listed in your contents insurance policy.

1. Loss and damage coverage: as in events that cause loss or damage to the main dwelling, garage, and other outbuildings that can be locked up. A property insurance policy should pay for rebuilding fees and temporary accommodation costs incurred.
2. Protection against fire: This helps protect your home and personal belongings from smoke and water damage due to fire perils. A home insurance policy with fire coverage helps pay or repair the damage.
3. Protection against theft: to pay to replace or repair your belongings if they are stolen or damaged. If an intruder breaks in and steals items from your property, a home insurance policy that covers theft typically provides compensation for your loss.
4. Protection against earthquakes: is great to have in your home insurance policy. Earthquake insurance pays for damage to the structure of the property, temporary living expenses, and personal property replacement.
5. Protection against water damage: that is caused by sudden and accidental leaking of household appliances like a dishwasher, or plumbing such as a busted pipe causing damage to the property. Many home insurance claims are caused by water damage which is reason enough to have your home insured against any damages of the sort.