new home insurance

dexterwolf

I am buying a new house and wondered which is the best company for insurance to go for ?. Also is there anything that I need to look out for when getting building and contents insurance.

olly300

For building insurance you need your rebuild value. This should be on your survey as long as your survey isn't a plain mortgage valuation.

I suggest once you have that figure you should click on the "insurance" tab on the main site.

Your mortgage lender will tell you what date you need to have insurance from.

Insurance_Guru_2

Some insurers will offer a blanket cover for buildings cover and don't need the rebuild value but it is useful to make sure you get a wide range of quotes.

Unless it is a new build you need to start insuring from the date of exchange.

*Scarlett

Many insurers offer a blanket cover - £400k - £1m and it can be easier to opt for one of these. Bear in mind that the price that you pay will still be based on your personal details and your property details so it might be cost effective.

If you chose to insure the actual rebuild cost you need to think about other costs eg alternative accommodation.

When you are chosing a policy make sure that you are comfortable with the excess fees.

You can opt for accidental damage cover, cover for items away from home & other optional cover.

Get some quotes on the comparison sites and check any that are competitive - again make sure you check the xs fee.

You could also try the ones that are not on the comparison sites - eg Direct Line.

If you are unsure about doing everything online you can ring the insurer to discuss your online quote.

You can compare policies here

http://www.defaqto.com/guides/insurance/home-buildings-insurance-guide/

http://www.defaqto.com/guides/insurance/home-contents-insurance-guide/

http://www.which.co.uk/money/insurance/reviews-ns/home-insurance/which-recommended-providers/

InsideInsurance

dexterwolf wrote: »

I am buying a new house and wondered which is the best company for insurance to go for ?. Also is there anything that I need to look out for when getting building and contents insurance.

Best home insurers? Sterling and Hiscox probably. The real question however is if you actually need the best or if something more middle of the road is what you require? Sterling for example have a minimum of £75,000 of contents cover and minimum premium of £400 + IPT for their basic product and a minimum £200,000 contents and £2,000 premium for their advanced product.

Home insurance varies massively more than Car between different providers. Most of us dont require the level of cover these companies offer but at the same time just going for the cheapest cover can also cause a lot of problems when you find outbuildings arent covered or matching sets arent etc.

Once you've got quotes, check the actual cover you are getting offered and how well it meets your needs

hellzbellz

Think InsideInsurance means Sterling op but makes a good point about the different levels of cover and scarlett has pointed you to defaqto which is excellent.

I haven't seen it mentioned and apologies if its been overlooked by me but it is a good idea to try to keep buildings and contents covered under the same policy or at the very least by the same insurer. Otherwise claims involving both sections can get messy.

Good luck

kingstreet

The better products have "trace & access" cover for water leaks. This may not be offered in the cheaper, lower quality plans on comparison sites.