Account
Insurance Brokers
Speak to an Insurance Broker
Who are the insurance brokers considered as homebuddy partners?
We have several insurance brokers working with us and these will depend on the area where you live. We are conscious that we want to keep services local and use reasonable endeavours to ensure that you are speaking with local companies
What insurance do I need?
We would recommend you take out buildings insurance and contents insurance
What is building insurance?
Building insurance is taken out to cover the cost of repairing any damage that may occur to the property that is caused by matters such as natural disasters. However, what is important to note that each insurance policy is different which is why we recommend an insurance broker is instructed to ensure that your own personal circumstances and needs are covered in any insurance policy taken out.
What is contents insurance?
Contents insurance will protect against damage to your belongings, such as your fixtures, fittings and furniture. When do you take out insurance? A. We would recommend that you take out buildings insurance upon exchange of contracts because at that point the risk of the property transfers to the buyer. However, it is also advisable that a seller does not cancel their buildings insurance until after completion.
Is insurance a legal requirement?
A Building and contents insurance is not a legal requirement, however, buildings insurance will likely be a condition of any mortgage offer you receive from a lender. Some Lenders will not release funds to your solicitor without sight of your mortgage offer. However, regardless of whether you require a mortgage, homebuddy advises that you always take out insurance prior to purchasing a property.
