Is Home Insurance Important?

Once upon a time I used to work at an insurance brokers.  It was my first full time job and it was the basis for my career path.  I also enjoyed a generous discount for all types of insurance and, boy, I wish I still had that discount now.  Shopping around for our insurance is the usual way to find the best deal but the AA Home Insurance always comes recommended.  I always like a good bargain.

Car insurance is a legal requirement to be able to drive on the roads but did you know that home insurance should (or at least buildings insurance) is compulsory for any home with a mortgage?  It can feel pointless paying out money month after month into a bottomless pot to secure a ‘just in case’ moment, especially in frugal times, but home insurance is just as important as it has always been. 

It’s always good practice to review your level of insurance too, especially if you are building your home and adding to your possessions.  Imagine having to replace everything you own... scary thought, huh?

Home insurance is something that we have always had because with children and pets you never know what is going happen.  Luckily, we have never had any major claims (apart from the time that all the bicycles got stolen from outside the back of the house when we lived in a fairly rural area) but I know I wouldn’t have the money available to replace all our family treasures if anything ever happened to them.  We always choose contents insurance with an accidental damage clause and our buildings cover is slightly more expensive now that we have an old house and we are exposed as an end terrace but it’s better to be safe than sorry.

Is home insurance something that you treat as priority or is it the first outlay to be cancelled when you’re a bit strapped for cash?  Let me know in the comments.

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