Home Owner Insurance Quote

When you take on the responsibility of owning a property, you will also be responsible for maintaining the structure and contents of your new home, as it is likely to be your most valuable asset. It will be necessary for you to obtain a home owner insurance quote, and you will have plenty of options to choose from as this is a very competitive market with hundreds of lenders fighting for your business.

If you are buying a flat you won’t need to take out an individual buildings insurance policy; owners of flats own the leasehold only, although they may also own a share of the freehold. It is the freeholder’s responsibility to ensure buildings insurance is in place, and the leaseholder then pays service charges to cover this amongst other things.

Most people buying a property need a mortgage, and usually obtain a home owner insurance quote from their mortgage company; 55% of home owners then go on to take out the policy with their mortgage provider. Most of the time this isn’t compulsory and if so you have the option to shop around; you should search the entire market place for a competitive home owner insurance quote, and you can do this online with handy search tools, or by using an insurance broker to do the leg work for you.