If you’re a first-time home buyer and are taking out your first house and contents insurance policy, then there are certain things that you should keep in mind to ensure that you choose a policy that suits your specific needs.

House and contents insurance protects both your home as well as everything in it against unforeseen events such as theft or a natural disaster.

Listed Events

Make sure you take into consideration the listed events included in your house and contents insurance as, should any of these events happen, your insurance will cover any damages or losses. Listed events usually cover natural disasters and extreme weather conditions such as hail damage, flooding and fires.

Accidental Damage

If you’re willing to pay a higher premium, some house and contents insurance policies cover accidental damage under their listed events. This includes accidents that occur in the home such as knocking over your television or dropping a glass of red wine and ruining the carpet.

Excesses

Whenever you make a claim, you have to pay an excess. In general, you pay a higher excess for a lower premium. When choosing your house and contents insurance, you need to consider whether you want to pay a higher premium for lower excess or a risk paying a higher excess for a lower premium should you need to make any claims.