Other Home Insurance Definitions
Definition: Different from personal possessions cover, this cover protects high-value belongings, such as paintings, jewellery, and antiques.
What to look for: If you do not own any valuable items in your home, then you likely won’t need this cover. This type of cover requires you to have each valuable item valued and specified in your policy and for this reason you should look to insure only your most valuable items. This is because this cover can get more expensive the more valuables you add to your policy, especially if they are high-risk items like jewellery or watches.
The most comprehensive Home Insurance policies tend to have a higher valuables cover limit, while the best Home Insurance policies typically cover these valuables outside the home, including abroad.
Matching Sets Cover
Definition: This will cover an entire set of matching items if one item is damaged or lost and can’t be replaced.
What to look for: Only the best Home Insurance policies offer this with their standard policies. Most offer it as an optional cover that you can add to your policy. This cover isn’t always necessary if you are not overly concerned about your matching sets being completely uniform. However, if this is a concern for you, then this could work in your benefit.
Definition: If your home is unsafe or you need to stay elsewhere while repairs are made to it, this cover will pay for temporary accommodation.
What to look for: If you have relatives that you may be able to stay with in the event of an emergency, this cover may not be necessary. But, if you do want to add this cover to your policy, be aware that some insurers will only pay out for a certain number of nights in temporary accommodation.
The best Home Insurance will provide cover for you, your family and even your pets if you can’t live in your home due to an emergency, either until the repairs are done, for a set number of days or up to a cash limit.
Family Legal Cover
Definition: This cover will pay out to help you cover some or all legal expenses if you or your family face certain personal legal matters, such as protection of property or personal injury claims.
What to look for: Many of the top UK home insurers include this cover with your policy automatically, so you may not need to worry about adding it.
Home Emergency Cover
Definition: If you face a home emergency and need fast repairs, insurers may pay out to cover the cost of hiring a tradesperson to perform emergency repairs.
What to look for: Some of the best Home Insurance companies include an emergency service and helpline with this cover and will arrange emergency repairs for you at any time of day. This can be a great benefit if you one day wake up in the middle of the night to a burst pipe.