Home Insurance Glossary

All the common terms concerned with Home Insurance

• Accidental Damage
• Buildings and Contents Insurance
• Buildings Insurance
• Contents Insurance
• Emergency Assistance
• Excess
• Exclusions
• High Value Home Insurance
• Holiday Home Insurance
• Home Emergency Cover
• Home Insurance
• Homeowners Insurance - see Home Insurance
• House Insurance - see Home Insurance
• Household Insurance - see Home Insurance
• Insurer
• Landlords Insurance
• Legal Expenses
• Legal Protection Cover
• Listed Building Insurance
• Market Value
• No Claims Bonus
• No Claims Discount
• Non Standard Construction
• Personal Possessions Cover
• Policy Excess
• Policyholder
• Premiums
• Property Insurance - see Home Insurance
• Rebuilding Cost
• Rent Guarantees
• Replacement Value
• Self Build Insurance

Accidental Damage

An optional extra on most home insurance policies which provides protection against accidental damage to buildings and/or contents. Top of Page.

Buildings and Contents Insurance

See Home Insurance. Top of Page.

Buildings Insurance

Protection against damage to the structure of a property. Top of Page.

Contents Insurance

Protection against damage to or loss the contents of a property. Top of Page.

Emergency Assistance

An optional extra under a Landlords Insurance policy which covers the cost of calling out a contractor in the event of an emergency. Top of Page.

Excess

The initial amount of a claim that will not be paid by the insurer. Top of Page.

Exclusions

Standard or specific events or situations that will not be covered by the policy. Top of Page.

High Value Home Insurance

Specialist policies for wealthy individuals who are likely to own properties with high value buildings and/or contents. Top of Page.

Holiday Home Insurance

Specialist policies for second homes or holiday homes. Top of Page.

Home Emergency Cover

An option with Buildings and/or Contents Insurance to cover the cost of making a home safe following an emergency. Top of Page.

Home Insurance

The name for policies which provide protection against damage to the home and/or its contents. Top of Page.

Homeowners Insurance

See Home Insurance. Top of Page.

House Insurance

See Home Insurance. Top of Page.

Household Insurance

See Home Insurance. Top of Page.

Insurer

The insurance company providing cover to the Policyholder. Top of Page.

Landlords Insurance

Buildings and/or contents cover specifically designed for landlords. Top of Page.

Legal Expenses

See Legal Protection Cover. Top of Page.

Legal Protection Cover

An optional extra which will pay out to cover legal costs incurred as a result of prosecution, property protection or personal injury. Top of Page.

Listed Building Insurance

Specialist policies tailored for owners of grade 1 and grade 2 listed buildings. Top of Page.

Market Value

The value a home is likely to sell for if placed on the open market. Top of Page.

No Claims Bonus

See No Claims Discount. Top of Page.

No Claims Discount

A discount to the normal premium offered by the insurer where there have not been any claims on a policy for a period of time. Top of Page.

Non Standard Construction

Prefabricated homes or homes that are made from timber, concrete or thatch rather than the traditional brick with a tiled roof. Top of Page.

Personal Possessions Cover

Cover against loss or damage to personal possessions both inside and away from the home. Top of Page.

Policy Excess

See Excess. Top of Page.

Policyholder

The individual taking out the policy with the Insurer. Top of Page.

Premiums

The amount paid by the Policyholder monthly or annually to the Insurer. Top of Page.

Property Insurance

See Home Insurance. Top of Page.

Rebuilding Cost

The cost of rebuilding a damaged or destroyed property. Top of Page.

Rent Guarantees

An option under Landlords Insurance to cover against non payment of rent or periods when rent is not received due to a property being unoccupied. Top of Page.

Replacement Value

The cost of replacing as new an item of home contents damaged or destroyed. Top of Page.

Self Build Insurance

A specialist policy providing cover for damage or loss whilst a build is in progress. Top of Page.

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