A little about us

At Clever Money we pride ourselves on providing personal mortgage and protection advice in a friendly, easy to understand and professional way. Whatever your situation or circumstances, we have the expertise and the time to thoroughly discuss things with you and help you with your plans.

Types of cover

For no-obligation initial advice, you can speak to one of our expert advisers on:

0208 933 9966

Or request a call back

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What is buildings insurance?

Buildings insurance covers the structure of the building such as the walls, roof, floors, ceilings, windows and doors from damage. A buildings insurance policy should cover funds to rebuild your house in an event of it being completely damaged beyond repair.

The damage can come in many forms as listed below:

  • Weather damage such as lightening, storms etc
  • Earthquakes
  • Vandalism
  • Bursting of pipes
  • Falling trees
  • Flooding
  • Subsidence

Make sure to check that you are not living in a high risk area of damage such as flooding. You may have to pay extra for your insurance if you are. This will provide you with peace of mind in knowing that you are adequately covered.

Many building insurance providers also cover you for garages, conservatories, greenhouses, fences etc. Policies may also cover permanent fixtures and fittings including cupboards, toilets, baths and kitchen units. Make sure you check the policy carefully to see what you are covered for.

Always shop around for the best building insurance and not the cheapest as you may leave some important items uncovered under the cheaper policy. Unfortunately accidents do happen to your property from time to time so it is imperative that adequate cover is taken out to protect your home.

What is contents insurance?

Contents insurance covers your household possessions such as jewellery, electronic goods, furniture, carpets and clothing against theft, loss and damage. Contents insurance is not necessary but it is essential if you want to protect your personal possesions.

Generally, there are two types of contents insurance available; indemnity policy and 'new for old' policy. The indemnity insurance is the cheapest available and covers items by a wear and tear policy. For example, if a carpet was spoilt by paint then the claim would reflect how old the carpet was and pay out accordingly. On the other hand, 'new for old' policy is more expensive but would pay the full amount for a brand new carpet.

Many content insurance providers offer an accidental damage option as standard but usually you will have to pay extra if you want this cover. Cover for extra items can be bought if needed such as expensive jewellery, antiques and also the contents your fridge freezer in case of power failure.

Home contents insurance can also include the following things that don't necessary remain in the home:

  • Prams
  • Mobile phones
  • Handbag
  • Watches
  • Clothing
  • Bicycle

Always check with your home insurance contents provider what you are covered for under your policy or read the small print on your paperwork.

Bear in mind that it is possible to combine buildings and contents insurance together and obtaining a quote. This will often get you a good deal and save you hundreds of pounds.

Home insurance for landlords

Landlord's insurance is similar to other types of home insurance. All landlords need buildings insurance for the property that they own but contents insurance is not essential.

Landlords should conform to the list below to help minimise risks that property letting may involve:

Landlord liability - This covers for injuries that the tenant in the rented accommodation may claim for against the landlord. If conditions are dangerous in the rented accommodation as a result of negligence on the landlords behalf then this could affect the claim.

Emergency assistance - The protects against call out fees charged by contractors for undertaking work in emergencies. These may include roofing damage, heating problem, lost keys, plumbing etc

Extra cover - For example, loss of rent due to the tenant not paying. Additional cover could help in these circumstances.

Contact us for more advice on what buildings and contents insurance would be most suitable for you.