What does 'Contents Insurance' mean when buying a property?
Find out what Contents Insurance means when you are buying a property. 'What does Contents Insurance mean?' plus over 150 other property related terms and jargon in plain English
This is often confused with building insurance.
- Building insurance - covers the structure of the building itself and usually includes fittings such as flooring, fitted kitchens and bathroom ceramics such as toilets, baths, etc.
- Contents Insurance - anything you can freely lift up and take away such as furniture, clothing, jewelry, electrical goods (kettle, laptop, TV, etc.) and so on.
Should you suffer a flood the repair work to tbe building will be covered by buildings insurance while damaged furniture and personal belongings are covered by contents insurance.
Find out more about the importance of checking a properties current insurance and how to make sure you are fully covered by picking up a copy of my ebook How to Really Buy a Property.