Comments on: Home insurance in the UK? how does it work? http://homeownersinsurancequestions.org/homeowners-insurance/home-insurance-in-the-uk-how-does-it-work Answers to all of your questions about homeowners insurance. Tue, 07 Feb 2012 04:19:43 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Roger The Alien http://homeownersinsurancequestions.org/homeowners-insurance/home-insurance-in-the-uk-how-does-it-work/comment-page-1#comment-1977 Roger The Alien Fri, 30 Oct 2009 04:21:22 +0000 http://homeownersinsurancequestions.org/homeowners-insurance/home-insurance-in-the-uk-how-does-it-work#comment-1977 You will require home contents insurance as you do not own your building and therefore have no insurable interest in it. Typically this comes with liability as an occupier and personal liability towards others for members of your household, money and cover for certain possession outside the home. The cover can be "standard" fire flood, water damage, vandalism theft / burglary etc and then "Accidental Damage cover. Many policies include this accidental damage on certain items such as TVs computes etc in the standard package. In addition you will have some form of cover for alternative accommodation should your home become unoccupiable due to insured peril. The premium is calculate by applying a rate to the sum insured. Eg £30,000 contents are charged at £x premium per £1000 contents. This rate is based on the postcode of the flat. Central London is expensive. I hope this assists. xxR You will require home contents insurance as you do not own your building and therefore have no insurable interest in it. Typically this comes with liability as an occupier and personal liability towards others for members of your household, money and cover for certain possession outside the home. The cover can be “standard” fire flood, water damage, vandalism theft / burglary etc and then “Accidental Damage cover. Many policies include this accidental damage on certain items such as TVs computes etc in the standard package. In addition you will have some form of cover for alternative accommodation should your home become unoccupiable due to insured peril.
The premium is calculate by applying a rate to the sum insured. Eg £30,000 contents are charged at £x premium per £1000 contents. This rate is based on the postcode of the flat. Central London is expensive.
I hope this assists.

xxR

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