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Insurance types for your car and home

Car and home insurance

It can sometimes feel like a waste of money to pay for car or home insurance, after all, you can never be sure that bad things are even going to happen to either. But it’s important to remember what might happen if they do. If your car transports you to work every day it is an extremely valuable asset, because it facilitates your ability to get to work and earn a living. Similarly, insuring things like laptops and electronics at home can save you a lot of valuable time, money and energy.

3 Types of car insurance

  • Comprehensive
    Covering your car against accidents, fire and theft and it covers you for third parties (when you are liable for their damage)
  • Third party, fire and theft
    Does not include cover for accidents but does cover third party claims as well as loss or damage due to fire or theft.
  • Third Party Only
    Only covers claims when you are liable for an accident.

Important: Whatever your decision, try to remember that third party is the very least you should have when going out on the road.

2 Types of Home insurance

  • Homeowners Insurance
    Covers physical structures like your garage, walls and roof and protects you in the case of damage by lightening, explosions, fire etc.
  • Home contents insurance
    Covers everything inside your home including furniture, appliances and art or jewellery against theft, loss or damage.

Top tip: Always double-check everything that is covered in your home insurance, as many people think their household contents are covered by their homeowner’s insurance when that is seldom the case.