Is Bank of Scotland home insurance right for you?
There are two kinds of home insurance: buildings insurance and contents insurance. This can either be bought separately as required, or as part of a joint buildings and contents insurance policy.
Buildings insurance will cover the structure of your home, usually including the walls, roof, floors, doors and windows, so you could be eligible to make a claim if damage occurs to any of these. It generally includes permanent fixtures, such as bathroom suites, kitchen units and in-built wardrobes, as well as outbuildings like garages, sheds and greenhouses.
Contents insurance will take care of the things that aren’t part of the structure of your home. This usually includes: furniture, electronics, jewellery, freezer contents, carpets and curtains, and clothing. However, it does not cover wear and tear, intentional or accidental damage or damage caused by your pets
Bank of Scotland Home Insurance Review
Bank of Scotland home insurance offers the following benefits:
- You can receive up to 40% off your new claim with combined discounts
- All repair work carried out by trusted builders and contractors
Bank of Scotland offer two levels of cover depending on if you need a basic or more comprehensive cover service:
Their basic level of cover. This protects the essentials and a few bonus extras.
- Buildings over up to £500,000 included
- You can add optional: Outbuildings cover (£500,000), Accidental Damage Cover (£500,000)
- Replacements of sets cover (this means if a replacement can’t be found for one part of a set, the whole set will be replaced)
- Contents in your building are insured up to £75,000
- You can add optional: Outbuildings (£5,000) and open air contents (£1,000) cover, Accidental Damage cover (£75,000), specified items cover (£30,000)
Home Insurance Comprehensive
Their comprehensive cover includes a range of extras and unlimited buildings and contents cover.
- Unlimited buildings cover
- Unlimited Outbuildings cover
- Unlimited accidental damage cover
- Unlimited replacement of sets cover
- Personal Belongings away from home cover (£25,000)
- Bicycle cover (£10,000)
- Specified items cover (£50,000)
Some Things to Consider
Here are a few things to consider when looking for an insurance policy to suit you.
Is your property specialist?
If you own a listed building or if your property has an unusual feature such as a thatched roof, you may need specialist cover.
Do you need buildings and content cover?
While it’s generally advised that you take out both, it does depend on your individual circumstances. Insurance providers often provide individual policies as well as joint policies.
Does the policy provide enough cover?
All policies have their limits so you need to make sure that your home is covered for the rebuild value rather than the market value.
People's combined possessions are often worth more than they imagine, so it is worth costing your contents to make sure your chosen policy will be enough to cover everything.