Home insurance protects you against an unexpected event and it could save you a lot of money in the long run. Home Insurance protects you and your property from a wide range of potential dangers including fire, severe weather, falling trees, water damage / leaks, vandalism, theft and more. Home insurance will pay for the replacement or repair of damage done to your home and contents (if contents cover is selected, this may be optional with some policies). Some home insurance policies cover your family’s temporary living costs while your property is under repair. A lot of policies also offer replacement or reimbursement costs for personal belongings such as clothing and furniture. There is also an option with home insurance to add specific items such as your mobile phone, lap top etc., this is usually a cheaper option than purchasing standalone gadget insurance.
Homeowners insurance also covers you for liability, this cover protects you in the event of an accident / injury on your property. For example, if a neighbour fell and injured themselves on your property, you could be potentially liable for their medical expenses which may include legal fees if the neighbour was to take legal action.
If you have a mortgage on the property, then your lender will require you to purchase a policy. Your lender has a financial interest in your property and may require proof that a policy is in place. However, home insurance is not just for home owners, it is equally as important for tenants. Tenants insurance will provide financial protection in case your personal belongings are destroyed or stolen and liability protection in case someone is injured in your home.
Home insurance gives you peace of mind knowing that you and your property are protected should an unforeseen event arise. There are lots of options when it comes to selecting Home insurance. Take your time to discuss your options with your insurance provider to choose the cover that is right for you and your family’s needs.
The new Bank of Ireland Insurance wallet offers a secure place to store all your policy documents on your device (phone, iPad, PC) should you need them in case of an emergency. The wallet also contains all the information you need to make a claim, along with other useful contact numbers.
For information on Home Insurance arranged by Bank of Ireland visit here.
