Official statistics maintained by the Land Registry show that the average house price in the UK (as of March 2018) is £224,144. That figure represents an increase of some 4.2% compared to the previous year – indicating that an investment in property is likely to yield at least as good a return as any savings account and many other forms of investment.
Having made that investment, you also need a way of protecting and safeguarding its value against the many threats of loss or damage it might face – from events such as fire, earthquakes, explosions, storm damage, flooding, impacts (by vehicles or from falling trees and branches), vandalism and theft.
So, let’s take a closer look at what that property insurance entails.
Property insurance for the homeowner
Your home is likely to be one of the most expensive items you buy in your life.
Home insurance offers a way of protecting your investment not only in the building itself, but also (if required) in all the contents which you are likely to have built up over the years – and which may prove very expensive to repair or replace if any are lost, stolen or damaged. [Read more…] about Guide to Property Insurance