The housing market has bounced back however, difficult economic conditions and job insecurity mean purchasing a house is still no mean feat. Which is why it’s surprising that some consumers haven’t learnt the value of protecting their home with the right insurance.
After a lengthy mortgage process, it’s understandable why home insurance may not be the first thing on buyers’ minds, but it’s an essential part of the home buying process and not one to skip or hurry over. This is where advisers can play an integral role in raising awareness and adding value to the customer journey in terms of knowledge, advice and recommendations of the different options available. The first thing homebuyers need to consider are the different types of home insurance and what they cover Buildings, Contents or combined. Homeowners also need to consider the value of having cover in place to protect their possessions from loss, damage or theft contents insurance.