What home insurance premium applies to you? Use our free Home Insurance Calculator for an instant quote based on the latest UK market rates and coverage options. As trusted professionals, Property Management Company regularly helps homeowners to understand their insurance needs before purchasing property.

Simply enter your property value, location, and coverage preferences for an accurate home insurance premium calculation.

Home Insurance Calculator

Do you want an insurance estimate to secure your home in the UK? If yes, then use our home insurance calculator to calculate how much you can claim insurance on your property. According to public assessment, about  £400  insurance can cover the landlords on the combined buildings and contents covers

What Is Home Insurance? 

It is also known as homeowners’ insurance, which protects your property against costly risks from theft or damage. Home insurance is not a legal requirement for UK citizens, but it protects the property structure and belongings and helps you save money. There are the separately calculators for calculating the Home insurance or contents security in the UK.

How does Home Insurance Work in the UK?

The homeowners purchase an insurance policy from the insurance company. The insurers give them security of their home after taking the property details, that includes the area, property size, and their personal belongings that are present in the home. They take this through the online quote.

If any accidental damage occurs in the home, such as fire, strom or theft, then you have to simply report to the insurer with the proper evidence. The insurer will assess your property by sending the surveyor, who will completely analyse the damage and its cause. 

They will pay for the damage to the property or will provide temporary accommodation if the home is not able to live. You can take an estimate from the home insurance calculator on how much you should claim for insurance on the home.

Types of Home Insurance

Two types of insurance are included in the home insurance that are given below:

Building Insurance 

This type of home insurance is related to the exterior of the home, such as the structure and fixtures in the building. It covers the protection of the home from damage due to

• Fire damage.
• Floods and storms.
• Burglary and vandalism.
• Subsidence ( cracks in walls).
• Heave due to ground swelling.

Contents Insurance

This is related to the belongings that are present in a home of the homeowner or renters due to natural disasters, or in case of theft or damage. It covers the replaceable items, such as 

• Electronics
• Clothing
• Furniture
• Appliances that have high worth value
• Laptops, mobile phones, etc.

Who needs the Home insurance?

• Homeowners: The property owners need insurance for their contents and buildings to protect their homes and money.
• Tennats: They do not need the complete home insurance because they are living in a rented house, whose insurance is the responsibility of the landlord. They only required the contents insurance for their liabilities.
• Homeowners with Guests: If the guests are living with the homeowners, they do not require the insurance because they are living with the homeowners. 
• Mortgage borrowers: They must have building insurance from the exchange of contracts. Lenders require it to protect their financial interest in the property’s rebuild value.

What is covered and excluded under the Home insurance?

The table below highlights what is and is not covered under the home insurance policy.

Covered	Excluded
Fire, theft, flood damage.	Wear and tear over time.
Building and contents cover.	Poor construction faults.
Temporary accommodation.	Lack of maintenance.
Personal belongings & valuables.	Undeclared expensive items.
Visitor belongings.	Storm damage to fences or gates.
Liability for injuries.	Gradual damage (damp, rot)
Replacement Locks
Home Office Equipment

How Much Does Home Insurance Average Cost In the UK?

The estimated cost of the type of home insurance policy is given below:

1. Combined buildings and contents have an average cost of £247- £356.
2. The building’s only cost is £200-£300.
3. The average cost of the contents in a building is about £70-£150.

Annual rate of insurance based on the number of bedrooms

Number of Bedrooms	Average cost
1 bedroom	£168 per year
2 bedrooms	£174 per year
3 bedrooms	£207 per year
4 bedrooms	£272 per year
5+ bedrooms	£400+ per year

Four ways to save time when making a claim on your home insurance policy

The simple four ways that you should do while making a claim on your home are given below:

Keep a copy of your policy

You should keep a copy of the policy in case you have an emergency, and you have to show someone. The insurer’s contact number is also saved in your phone number, and your policy number is also keep save in your pocket.

Create a list of your most valuable items

The most useful and easy way to save the valuable items is by making a proper spreadsheet of items. In this, you can save each item that are presents in each room. You can also save how much you have paid for each item.

Make the claim as soon as possible

If anything is stolen or damaged, then you should inform the police as soon as possible, and also inform your insurer to claim the insurance.

Carry out temporary repairs

Landlords should take an active step if they find any damage in property. If a roof leak is not stopped, then water will continue to leak and cause dampness in the floor and walls. This can be a result of the damage and an expensive repair.

Conclusion

Using our home insurance calculator makes it easy to estimate the right building and contents cover for your property. This helps you avoid underinsurance, and save your money. It protect your home from t fire, theft, flood, and other unexpected risks. Get personalised results instantly and plan your home protection confidently by using the calculator for your home insurance.

Frequently Asked Questions