The aim of Home Insurance is to protect the structure of your home against all sorts of disasters: from storms or burst water pipes to fire or impact from a vehicle.

If you have a mortgage on your home, adequate insurance cover is compulsory.

Contents Insurance:

• A Contents policy protects your personal property against accidental damage, theft or fire.
  
• Remember that you need to keep your insurance cover up to date as your requirements can increase dramatically over the years - a new camera or piece of jewellery or even furniture can all mean additional cover. Just think how much damage a young child or a pet could inflict on new furniture!
  
• Inflation can affect replacement cost too, so it is worth revaluing your cover at least every three years.

There are two types of cover usually mentioned when you take out Contents Insurance - indemnity and replacement cover:

• Indemnity Cover
  This does not provide "new for old" replacement of your belongings. Instead the insurance company will reinstate, replace or repair the item which has been stolen, damaged or destroyed, but they will also deduct an amount for "wear and tear" and depreciation.
  In this situation, you may find that there is a large shortfall between the amount insured and the current purchase price of an equivalent replacement.
  
  
• Replacement Cover
  This type of policy, as the name suggests, does give you "new for old" replacement. You will receive the full cost of repairs, or the current market cost for replacement if the items have been stolen or destroyed.

  All Tas'heelat customers receive Replacement Cover.