Household insurance
Home Insurance Quotes
compare UK buildings and contents cover, including homes an ordinary form turns down
Buildings cover for the structure, contents cover for what is inside it, and specialist cover for the homes a mainstream quote form declines.
- Buildings, contents, or both
- Flood, subsidence, listed and non-standard
- Start with your postcode
- FCA authorised and regulated
Quick answerHome insurance is not required by law, but a mortgage lender will insist on buildings cover as a condition of the loan. The policy has two halves that answer different questions: buildings is what it would cost to rebuild the structure, contents is what it would cost to replace everything you would take with you if you moved. Most arguments at claim time come from one of those two numbers being wrong.
At a glance
Home Insurance at a Glance
The questions British households raise first, answered in a line each.
| Question | Quick answer |
|---|---|
| Is home insurance a legal requirement? | No. A mortgage lender will require buildings cover as a condition of the loan, which is why most people hold it. |
| Buildings or contents? | Buildings is the structure and anything fixed to it. Contents is what you would take if you moved. |
| Do flat owners need buildings cover? | Usually not in England, Wales and Northern Ireland, where the freeholder insures it through a block policy. In Scotland the duty sits with the owner. |
| What should the buildings sum insured be? | The cost of rebuilding, not what the house would sell for. They are different figures. |
| What happens if the sum insured is too low? | If the figure was reached reasonably, the claim should still be paid. If it was not, the insurer can settle in proportion to the premium it should have charged. |
| Is flooding covered? | Yes on a standard policy, and Flood Re exists to keep it affordable for eligible homes in high-risk areas. |
| Is wear and tear covered? | No, and never is. Insurance pays for sudden events. Damp, failing pointing and a slow leak are maintenance. |
| Is my renewal the best price? | Not necessarily. Your insurer cannot charge you more than a new customer, but a different insurer can still be cheaper. |
The basics
What Is Home Insurance?
Home insurance is two covers usually sold as one policy. Buildings covers the structure and everything fixed to it. Contents covers the things inside that you would take with you if you moved. You can buy either on its own, and which you need depends on what you own rather than on where you live.
Nothing in UK law makes you buy it. What makes most people buy it is a mortgage: lenders require buildings cover for as long as the loan runs. Owners without a mortgage carry the same risk with nobody insisting, and most leaseholders need contents only. Our guide to buildings versus contents insurance sets out where the line falls.
What a policy has to do
- Rebuilding or repairing the structure after fire, storm, flood or impact
- Replacing what is inside at what it costs today, not what you paid
- Liability cover if a visitor is hurt or you damage a neighbour’s property
- Somewhere to live while the house is put back together
Two halves
Which one pays
- Roof, walls, floorsThe structure itselfBuildings
- Fitted kitchen and bathroomFixed in placeBuildings
- Garage, drive, wallsFences and gates often excludedBuildings
- Furniture, clothes, techAnything you would packContents
- Carpets and curtainsWording dependentUsually contents
- Jewellery and collectionsSubject to a single item limitContents
How it works
How Does Home Insurance Work?
You describe the property, the two sums insured are settled one way or another, and the cover sits in place for a year. Anything that shifts in between needs reporting, since every figure the insurer quoted came out of your answers.
You describe the property and the household
Postcode, build year, what the walls and roof are made of, bedrooms, security, who lives there and what has been claimed for before. Each is a rating factor and each is checkable.
You set two numbers, or the insurer assumes them
The buildings sum insured and the contents value. Some policies ask you outright, others work from the number of bedrooms or offer an unlimited amount. Find out which you are buying, because where you set the figure it decides what a claim pays.
You keep it accurate through the year
An extension, a long spell with nobody living there, a lodger, a business in the spare room. Each changes the risk that was priced, and each needs telling the insurer now rather than at renewal.
You are expected to take reasonable care to answer the questions accurately. You need not volunteer everything, but you must answer truthfully what you are asked, and say what you mean in writing when a question is ambiguous. If the property is let, empty or being worked on, it is a different product: landlord insurance, unoccupied property insurance or property under renovation insurance.
What it covers
What Does Home Insurance Cover?
Fire, storm, flood, escape of water, theft and impact on both halves of the policy. Subsidence sits on the buildings side only. Accidental damage is an option on each, and liability cover is included on both but covers different things.
| Event | Buildings | Contents |
|---|---|---|
| Fire, smoke and explosion | Covered | Covered |
| Storm and flood | Covered | Covered |
| Escape of water from pipes or appliances | Covered | Covered |
| Theft and attempted theft | Covered | Covered |
| Subsidence, heave and landslip | Covered | Not applicable |
| Impact from vehicles or falling trees | Covered | Covered |
| Accidental damage | Optional | Optional |
| Liability to other people | As property owner | As occupier and in person |
| Somewhere to live while repairs run | Covered | Covered |
Two limits inside the contents half catch people out. The first is the single article limit: a cap on any one item, above which a thing must be listed by name and usually valued. A ring, a watch, a bicycle or a camera can sit above it without the owner realising. The second is cover away from home, which is an extension rather than a given, and decides whether a laptop stolen on a train is a claim or a loss. There is more in what home insurance covers.
The number that decides a claim
Rebuild Cost Versus Market Value
The buildings sum insured is what it would cost to demolish, clear and rebuild the house as it stands, including fees. It is not the sale price, which includes the land. Which figure is larger depends on where you are and what you own.
What rebuild cost includes
Clearing the site, rebuilding to the same specification, and the architect, surveyor and planning fees with it. On a listed building it also means the materials the listing requires, which is why those figures run high.
Why market value misleads
A sale price is mostly location. In much of the south east rebuild comes out well below it, while across Wales, northern England and southern Scotland ordinary houses cost more to rebuild than to buy.
What underinsurance does
A reasonable estimate that turns out short should still be paid in full. One that was not reasonably arrived at lets the insurer settle in proportion to the premium it should have charged: four fifths of the right premium, four fifths of the claim.
This is not guesswork. For a standard modern house the rebuild calculator published by the Building Cost Information Service takes a few minutes. For anything listed, period or unusually built, a surveyor produces a figure worth paying for. Then index-link the policy and revisit it after an extension. For larger properties see high-value home insurance, and for unusual construction non-standard home insurance.
Exclusions
What Isn’t Covered, and What Voids a Policy
Wear and tear and gradual damage are never covered. What actually costs people a claim is different: a sum insured that is too low, a house left empty too long, letting or business use, and questions answered carelessly.
Wear, tear and gradual damage
Damp, failing pointing, an old roof, a leak that seeped for months. Insurance pays for sudden events, not maintenance.
A sum insured that is too low
Where a materially short figure was not arrived at reasonably, the insurer can pay only the share of the claim the premium bought.
Leaving the house empty too long
Most policies restrict cover once a home is unoccupied beyond a set number of consecutive days, commonly between thirty and sixty.
Letting, lodgers and business use
A tenant, a holiday let or a business run from the house each change what is insured. A home policy covers none. See landlord insurance.
Something you were asked and did not mention
A previous flood or subsidence claim, an unspent conviction, a flat roof, a listing. Insurers query the shared claims database when you apply.
Security conditions not met
If the policy requires locks of a recognised British standard and they were fitted but not used, a theft claim can fail.
One distinction matters more than the rest. An exclusion carves out a single event and leaves the rest of your cover standing. A misrepresentation means the insurer was pricing a house that does not exist: a careless answer usually costs part of the claim, and costs the policy where that insurer would never have covered the house at all.
Home types
Which Homes Need Specialist Cover?
Listed and period property, thatch, timber frame and flat roofs, flood-risk postcodes, a subsidence history, second homes that stand empty, and contents above the ordinary limits.
Flats and maisonettes
Leasehold flats are insured by the freeholder through a block policy, so contents only. Scottish flat owners carry the duty themselves.
Block of flats coverListed and period homes
Rebuild must match what the listing requires, so the sum insured runs high and the wording matters more than price.
Thatch, timber frame and unusual roofs
Thatch, timber or steel frames, concrete and a large share of flat roof all narrow the panel.
Non-standard homesHomes in flood-risk postcodes
Standard policies cover flood. For eligible homes an insurer can pass the flood part on to Flood Re at a fixed, band-based cost.
Subsidence history and clay soils
A previous claim or underpinning is recorded against the address as well as the claimant, and needs a deliberate insurer.
Second homes and long empty spells
A house nobody sleeps in most of the week is a different risk, and the unoccupancy condition says so.
Holiday home coverHigh-value contents and collections
Jewellery, art and instruments above the single article limit need naming and often valuing.
High-value homesNone of these makes a home uninsurable. They shrink the number of insurers willing to quote automatically, which is where a mainstream form returns nothing and a broker returns a price. More in our guide to non-standard construction.
Who it’s for
Who Needs Home Insurance?
Anyone with a mortgage, because the lender insists. Owners without one, because nobody else pays to rebuild. Leaseholders, for contents. And the homes a mainstream form declines or loads without explaining why.
Homeowners with a mortgage
Buildings cover is a condition of the loan and the lender will want proof. Contents is optional and almost always bought alongside.
Leaseholders and flat owners
Contents only where a freeholder insures the structure through a block of flats policy. Scotland puts that duty on the flat owner instead.
Owners of listed or period property
Where the rebuild figure is high, the materials are prescribed, and the wrong wording costs more than the wrong price.
Homes with a flood or subsidence history
A claim is recorded against the address as well as the claimant, and is the commonest reason an ordinary form returns nothing.
Households with valuable contents
Collections, jewellery and equipment above the single article limit, which need listing rather than hoping.
Anyone a mainstream form declined
Being turned away often says more about the form than the house, because a panel built for volume has limited appetite for the unusual.
The last group is the reason MyMoneyComparison.com exists. High-street comparison is engineered for volume, so an ordinary semi gets a price in seconds and anything else falls through the floor of the rules. Own several properties and property portfolio insurance works differently again.
Pricing
What Affects Your Home Insurance Premium?
Postcode, the age and construction of the property, its claims history and the sums insured do most of the work, and much of that is fixed. What you can move is your figures, your security and your excess.
| Factor | Can you change it? | What to know |
|---|---|---|
| Your postcode | Not in your control | Flood risk, subsidence risk and local theft rates all sit inside it |
| The rebuild sum insured | Usually yours to set | Too high wastes money, too low cuts the claim |
| Age and construction | Not in your control | Older homes and anything not brick-under-tile narrow it |
| Claims at the property | Not in the short term | Including claims by whoever owned it before you |
| How the house is occupied | Partly | Empty by day is normal. Empty for months is not |
| Security | In your control | Approved locks usually help. An alarm sometimes. Both must actually be used |
| Voluntary excess | In your control | Raise it and the premium falls, but only to a figure you could pay |
| How you pay | In your control | Paying by instalments is borrowing, and it carries a rate |
You will find no sample premiums here. Household rates track weather, rebuilding costs and claims inflation, and differ so sharply between two houses on one street that a printed average describes almost nobody. The list above holds steady; the money does not. Our guide to home insurance excesses explains why the subsidence one dwarfs the rest.
Before you start
What Do You Need for a Home Insurance Quote?
Postcode and build year, wall and roof construction, bedrooms, listed status, any flood or subsidence history, a calculated rebuild figure, a contents value, high value items by name, five years of claims and any letting or business use.
About the property
- Postcode and the year it was built
- What the walls and the roof are made of
- Bedrooms, and roughly how much roof is flat
- Listed status, and any underpinning or flood history
About the cover
- A rebuild figure, calculated rather than guessed
- A contents value, room by room rather than off the top of your head
- Anything above the single article limit, listed by name
- The excess you could actually pay, and whether you want accidental damage
About the household
- Who lives there, and how often it stands empty
- Five years of claims at this property, yours and the previous owner’s
- Any unspent convictions in the household
- Any lodger, let or business run from the address
Two of those deserve extra care. Claims history attaches to the property as well as to you, so a subsidence claim made two owners ago still matters, and the conveyancing paperwork usually shows it. And a contents value done room by room is almost always higher than the figure people guess, because the guess leaves out clothes, kitchenware and the loft.
Compare with MyMoneyComparison.com
How to Compare Home Insurance Quotes
Line up the sums insured before the premiums, add the compulsory and voluntary excesses together and read the subsidence one separately, and read a refusal to quote as a gap in that insurer appetite rather than a judgement on your house.
Compare the sums insured, not just the premium
A cheaper quote built on a lower rebuild figure or a smaller contents value is not a cheaper policy. It is a smaller one. Line the numbers up first.
Add the excesses together, and read the special ones
Compulsory plus voluntary is the figure that matters, and subsidence and escape of water usually carry their own, much larger. A policy can be cheapest on premium and dearest on the day.
Read a refusal properly
A mainstream site that returns nothing for a thatched roof or a history of movement may have no question path for it, or no insurer on its panel with the appetite. Either way the property has not been priced, only skipped.
Describe the property once here and the UK household brokers we work with can approach you with terms. We introduce, we do not arrange: MyMoneyComparison.com holds no authority to advise you or to sell you a policy, and the broker you pick does both. How that works is set out in our editorial policy. Our guide to comparing providers covers what to weigh, and the jargon buster translates the wording.
Cutting costs
How Can You Reduce Home Insurance Costs?
An accurate rebuild figure, a realistic excess, proper locks you actually use, both halves with one insurer, leaving small claims alone, and comparing rather than letting the policy renew itself.
Get the rebuild figure right
Guessing high wastes money, guessing low costs you at a claim. A calculated figure does neither.
Carry a larger voluntary excess
The premium drops as the excess climbs. Stop at the most you could hand over the week something goes wrong.
Fit good locks and use them
Approved locks usually cut the price. An alarm only sometimes, and declaring either makes using it a condition of the cover.
Buy both halves from one insurer
Together is usually cheaper than apart, and nobody argues about which policy pays.
Leave the small claims alone
A claim you could have absorbed costs the discount for years. Weigh it against the excess first.
Shop around instead of renewing
Your insurer cannot charge you more than a new customer, but another insurer can still price lower.
The last one is worth spelling out, because the rule changed and most people have not noticed. Since 2022 a UK insurer has not been allowed to quote an existing home or motor customer more at renewal than it would quote a new customer for the same policy through the same channel. That stopped your own insurer penalising loyalty. It did not make your renewal the best price, because a different insurer can still want your business more. We publish no savings figures.
Jargon buster
Home Insurance Jargon, Explained
Household policy vocabulary, translated. A wider glossary sits in our insurance jargon buster, and the product itself is defined in what is home insurance.
- Buildings
- The structure and everything fixed to it, fitted kitchens included.
- Contents
- Everything you would take if you moved.
- Sum insured
- The most the policy pays for that half of the cover.
- Rebuild cost
- What rebuilding the house as it stands would cost, fees included.
- Underinsurance
- A sum insured below the true figure, and not reasonably arrived at.
- Single article limit
- The cap on any one item, above which it must be listed by name.
- Escape of water
- A leak from a pipe, tank or appliance. An expensive claim.
- Flood Re
- A scheme funded by insurers that takes on the flood part of eligible policies.
Why MyMoneyComparison.com
Comparing Specialist Home Insurance
MyMoneyComparison.com is an FCA-authorised UK comparison service that introduces homeowners to specialist brokers. We do not sell insurance and we do not give advice: the broker you choose arranges the policy. Comparing is free and there is no obligation.
Form, however many quotes
Describe the property once, instead of answering the same thirty questions on site after site.
Advice given
We are an introducer, not a broker. We do not sell policies and we do not recommend one. Read our editorial policy.
Authorised and regulated
MyMoneyComparison.com Ltd appears on the FCA register under FRN 916241.
Comparing since
A UK company since 2013, working with specialist brokers across the country.
FAQs
Home Insurance FAQs
The questions UK homeowners ask most.
Is home insurance a legal requirement in the UK?
What is the difference between buildings and contents insurance?
Do I need buildings insurance if I own a flat?
What should my buildings sum insured be?
Is rebuild cost higher or lower than market value?
What happens if I am underinsured?
Does home insurance cover flooding?
Which homes are excluded from Flood Re?
Does home insurance cover subsidence?
Is escape of water covered?
Am I covered if the house is empty for a while?
Do I have to tell my insurer about an extension or a loft conversion?
Does a standard policy cover a lodger, a let or a business run from home?
What is a single article limit?
Is accidental damage worth adding?
Can I get insurance if my home has a thatched roof or a flat roof?
Is my renewal quote the best price available?
How much does home insurance cost?
Ready when you are
Compare Home Insurance
Enter your postcode and tell us about the property, and UK brokers can come back with quotes, including for the homes mainstream sites turn away. Free to use, with no obligation to buy.
- Buildings, contents, or both
- Listed, thatched, flood and subsidence
- FCA authorised and regulated
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About this page
This page explains what home insurance is, which half of the policy pays for what, how the buildings sum insured should be worked out, what voids a claim and what you need to get a quote, for UK homeowners and leaseholders. It is general information rather than advice. Policies differ, so read your own documents and put the questions raised here to your insurer or broker. If the property is let, empty or being worked on, see landlord insurance, unoccupied property insurance or property under renovation insurance.
How we approached this page
- The Flood Re scheme’s own published eligibility criteria and exclusions, for which homes qualify
- The Financial Conduct Authority rulebook on home and motor renewal pricing, for what an insurer may quote an existing customer
- Association of British Insurers claims reporting, for which household claims are largest and which are growing
- Current UK household policy wordings, for the buildings and contents split, the single article limit and the unoccupancy condition
No premium figures and no savings claims appear here. Household pricing moves with weather and building costs and varies so much by property that any average would mislead almost everyone reading it, and a "save up to" figure means nothing without a stated sample and method. Four things in wide circulation are corrected on this page: that the sum insured should be what the house is worth, that home insurance is a legal requirement, that a leaseholder needs buildings cover, and that a renewal quote is the best price available because the loyalty rules changed.