12:49 am Thu 11 Mar 2010
Sheila
Tarr
Independent
Financial
Services

Protection: Buildings & Contents Insurance

 
Buildings insurance - Buildings are defined as anything on the premise that would be left behind if the property were sold. This generally includes sheds, swimming polls, walls, fitter furniture and all fittings and decorations.

Cover is normally provided against:

  • fire and lightening strikes
  • explosions, subsidence and earthquakes
  • storms and floods
  • damage by vehicles and aircraft, and even by animals
  • damage by falling trees/branches or television aerials
Polices also normally cover the cost of alternative accommodation during repairs. Some types of cover are subject to the property not being left unoccupied for more than a specific period, typically 30 days. These include cover against damage caused by:
  • riot, civil commotion and vandalism
  • theft or attempted theft
  • burst water pipes or oil leakages
Most policies also cover property owner's liability.

Contents Insurance - Cover is provided for contents, which can be defined as anything you would normally take if the property was sold.

Cover would typically be provided against the same events and circumstances as described for the above buildings insurance, with a few additions including:

  • accidental damage to goods while being removed by professional removers
  • extended contents cover for specified personal property outside of the home
  • damage to freezer contents due to electrical failure
For regular residential properties a combination of the both is required. Landlords on Buy to Let properties should take out buildings insurance and the tenants will need to hold a contents policy.


Your home may be repossessed if you do not keep up repayments on your mortgage.
Your investment may go down as well as up, you may not get back the full amount invested.
Past performance is not a guide to future performance

Sheila Tarr Ltd is Authorised and Regulated by the Financial Services Authority
We are entered on the FSA Register No. 439720 at www.fsa.gov.uk/register/
Sheila Tarr I.F.S. is the trading name of Sheila Tarr Ltd
Registered Office: 71 The Hundred, Romsey, Hampshire SO51 8BZ
Registered in England and Wales. Registered no.: 5219327