INSURANCE ADVICE IN GLASGOW, LANARKSHIRE & SURROUNDING AREAS
We’ll insure you have all your insurance needs covered.
General Insurance’s that Arrowhead Financial offer are, Buildings, Contents, Landlord & Tenant Insurance. We will ensure that you select the correct policy(s) for your needs, protecting your home, belongs or your investment. Different policies offer different levels of cover but generally you’ll be covered against theft and fire, and have the option to insure against damage you may cause by accident.
It is always vital that you thoroughly read and understand the full policy terms and conditions.
BUILDING INSURANCE IN GLASGOW, LANARKSHIRE & SURROUNDING AREAS
Buildings Insurance
If you have a mortgage, your lender will insist that your property (and their security) is protected by buildings insurance. It usually pays out if your property is destroyed by fire, floods or subsidence (although you will need to check if you live on a flood plain, for example). Damage to fixed fittings such as baths and kitchens are often included, as well as sheds, greenhouses and garages.
You might be offered buildings insurance when you take out your mortgage, but you don’t have to take what’s on offer. Use the key policy information to shop around and get the best deal for you.
If you purchase a leasehold property (such as a flat in a block of flats) the freeholder may have arranged buildings insurance for the whole block, in which case you may not need your own buildings policy.
What isn't covered?
Your cover is based on what your home would cost to rebuild. You can check whether you have enough buildings insurance through the Building Cost Information Service (BCIS) website. It has an online tool to help you calculate the sum you should insure your building(s) for, in case your home has to be entirely rebuilt.
You need to tell your insurer if you extend your property, for example with a loft
conversion or conservatory. Your belongings are not covered – these need to be covered separately with contents insurance – see Contents insurance.
BUILDING INSURANCE IN GLASGOW, LANARKSHIRE & SURROUNDING AREAS
Contents Cover
It covers the loss of or damage to the contents of your home. This includes your furniture, electrical goods and other items within your home. Some policies cover you for items you take outside, for example cameras, jewellery and laptops. Different policies offer different levels of cover but generally you’ll be covered against theft and fire, and have the option to insure against damage you may cause by accident. It is always vital that you thoroughly read and understand the full policy terms and conditions.
What isn't covered?
Anything beyond the maximum amount your insurer says they will pay, and it may pay a maximum amount on single articles. You’ll need to specify the value of the contents. Some companies have limits on the value of any one item under the general policy so you’ll need to specify individual items such as expensive jewellery or camera equipment, for example. Your cover may also be affected or cancelled if you leave your home empty for a long period of time, or if you let it out. Damage to the building itself is also not covered; this needs to be covered separately with Buildings insurance – see Buildings insurance.
LANDLORD INSURANCE IN GLASGOW, LANARKSHIRE & SURROUNDING AREAS
Landlord Insurance
If you plan on renting your property then Landlord Insurance is a must to keep your property secure. Landlord Insurance is a form of buildings & contents insurance with some additional aspects, which can include things such as loss of rent, damage of property, legal costs, etc. The majority of buildings & contents insurances will not cover properties which are rented. Our team will ensure you have the appropriate cover in place.
BUILDING INSURANCE IN GLASGOW, LANARKSHIRE & SURROUNDING AREAS
Tenants Insurance
When renting a property you will likely not be covered by your landlords insurance, so in the event of a flood, fire damage, etc your personal property wouldn’t be protected. Tenant Insurance covers the loss of or damage to the contents of your home. This includes your furniture, electrical goods and other items within your home. Some policies cover you for items you take outside, for example cameras, jewellery and laptops. - See Contents Insurance for further information.
