Buildings, Contents & Landlords

Coombes & Wright Mortgage Solutions act as introducers for home insurance, including buildings, contents and landlord’s insurance.

Buildings Insurance

If you have a mortgage, your lender will insist that you arrange buildings insurance cover for the property. Building insurance covers the structure of your home (walls, roof, windows, etc.) and permanent fixtures and fittings such as baths, basins, toilets, and built-in furniture, e.g. fitted kitchens or bedrooms.

The insurance generally covers damage to the property due to fire, lightning, theft or attempted theft, storms or flooding, leaking water or oil, subsidence, falling trees, moving objects (for instance, your home being hit by a car), riots or vandalism. Your property is covered for a complete rebuild if necessary.

Contents Insurance

Contents insurance covers damage to the possessions within your home. The cover is essentially the same as buildings insurance with additional options for extra cover, e.g. accidental damage, personal possessions and legal expenses, all of which are optional and can be added to your insurance policy.

Landlord Insurance

Landlord insurance is specifically designed to cover rental properties. Home insurance though very similar, is not adequate. For instance, standard home insurance covers a property if it is left empty for a maximum of one month. However, landlord insurance will typically allow a property to be vacant for up to three months. This can be useful as it allows for time to find new tenants. You will also be able to protect against loss of income from unreliable tenants and cover rental income whilst the property is empty between tenancies. You might wish to consider other additional features, such as landlord liability insurance.

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