Buildings Insurance is the most basic type of cover and is designed to cover you against physical damage to your property. It is generally a condition of your mortgage contract and is required by most mortgage lenders to comply with the terms and conditions of the loan.

Contents Insurance offers cover against fire, theft, acts of god and accidental damage to your personal belongings, as different companies offer different inclusions and exclusions you should always check your policy.

There are two main types of Contents Insurance. The first is a new for old insurance, this policy will replace your TV with another one of similar brand, quality etc. The other type of Contents Insurance is known as Indemnity insurance. This insurance provides cover for what the object is currently worth. Whichever policy you choose, it is important that the sum that you insure is an adequate and realistic amount, in case you do need to make a claim.