Building/Contents/Life insurance best products

Zither

Hello,

I appreciate this is a really vague question, but would be interested if anyone could offer me a bit of a starting point.

I need to get building/home contents insurance (just about to move into my first house haha) and will probably also get life insurance too.

However, there's lots of products out there and I'm keen to get value for money.

Are there any obvious market leaders for 'modest' building/contents insurance and life assurance? For example, with life assurance, I read a lot about what they do cover, as opposed to what they don't cover.

Thanks,

Z

dunstonh

Are there any obvious market leaders for 'modest' building/contents insurance and life assurance?

Quality or price?

? For example, with life assurance, I read a lot about what they do cover, as opposed to what they don't cover.

Life assurance is pretty easy. Are you alive or are you dead.

Zither

Haha thanks dunstonh,

I suppose what I'm looking out for is if it's possible to get badly stung on building/contents insurance and if there are any companies/add-ons to stay away from (e.g. like boiler insurance if you're alreeady in a servicing scheme).

As for life assurance - I'd like to invest in something that actually pays out if I get ill at some point and something that would pay out to 'loved ones' in the future. Again, any market leaders/products to stay away from?

Thanks!

Z

ACG

dunstonh wrote: »

Life assurance is pretty easy. Are you alive or are you dead.

Im not quite sure I agree with that now, maybe 3 or so years ago.
There is one provider I would choose every day over any other, I am not sure if we can name the providers. But they include something free of charge or a bolt on for £4 per person which is pretty impressive - although as a provider they will never be the cheapest even without the bolt on.

Sorry for the cryptic reply. Some of the other experts on here can name them if we are allowed to.

FutureGirl

Policies will tell you what they do cover. If it isn't noted as being covered, then it's not covered (if that makes sense).

In regards to buildings / contents policies, stay away from 'essentials' policies, because they have really small limits and are aimed at students / those renting.

I would say to make sure you have trace and access cover (as some of the cheaper policies don't cover that).

Do you need cover for bag, mobile phone, laptop, camera etc whilst out of the home / abroad? If so, add personal possessions cover, if you don't mind about that, then don't add it.

If you're buying a new 3 piece suite for your new home, or have the same carpets all over then I'd consider finding a policy that has 'matching item's' cover on the contents and buildings. Otherwise if, for example, one sofa is damaged and you can't get the exact same sofa, the insurer will only pay 50% for the undamaged ones.