Hoskin Mortgages
Your pathway to a secure future
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ARE YOU COVERED
IS YOUR HOME FULLY PROTECTED
Building Insurance
What is Building Insurance?
Building insurance, also known as property insurance, covers the structure of a building against damage or destruction caused by insured risks. These risks typically include fire, storm, flood, subsidence, theft, and vandalism. The coverage ensures that if the building is damaged, the cost of repair or rebuilding is covered by the insurance policy.
Key Features of Building Insurance
Coverage for Structural Damage:
Fire and Explosion: Protection against damage from fire or explosions.
Natural Disasters: Coverage for damage due to floods, storms, earthquakes, and other natural calamities.
Vandalism and Theft: Protection against intentional damage or theft of building materials.
Subsidence and Ground Heave: Coverage for damage caused by the ground moving beneath the building.
Legal Expenses: Covers legal costs incurred in disputes related to the property.
Rebuilding Costs:
The policy typically covers the cost of rebuilding the structure to its original state, including architect and surveyor fees.
Contents Insurance
What is Contents Insurance?
Contents insurance covers the personal belongings inside your home against risks such as theft, fire, flood, and accidental damage. This type of insurance ensures that if your possessions are damaged or stolen, you can receive compensation to replace or repair them.
Key Features of Contents Insurance
Coverage for Personal Belongings: Protects items such as furniture, electronics, clothing, and jewelry.
Accidental Damage: Optional add-on that covers unintentional damage to your possessions.
Theft and Vandalism: Compensation if your items are stolen or deliberately damaged.
Portable Possessions: Coverage can be extended to items taken outside the home, like laptops and bicycles.
Why Contents Insurance is Important
Financial Protection: Helps cover the cost of replacing or repairing personal items, reducing financial strain.
Peace of Mind: Knowing your belongings are protected allows you to feel more secure.
Landlord Insurance
What is Landlord Insurance?
Landlord insurance is designed specifically for rental property owners, covering risks associated with renting out a property. It typically includes protection for the building, landlord’s contents, loss of rent, and liability.
Key Features of Landlord Insurance
Building Coverage: Protects the physical structure against damage from risks like fire, storm, and vandalism.
Contents Coverage: Covers items provided by the landlord, such as furniture and appliances, against damage or theft.
Loss of Rent: Compensation for lost rental income if the property becomes uninhabitable due to an insured event.
Liability Protection: Covers legal costs and damages if a tenant or visitor is injured on the property.
Why Landlord Insurance is Important
Financial Protection: Safeguards your investment against damage and loss of income.
Legal Compliance: Meets legal requirements and provides liability coverage.
Peace of Mind: Ensures that you are protected from unforeseen incidents, allowing for more confident property management.