Insuring buildings and contents together

Why it is practical

With a leak or fire almost always affects both the building and your belongings. With one insurer that is one file and one assessor.

With different companies it is two claims, two assessments and sometimes discussion about which policy covers what.

Where the gaps fall

Tenant's improvements and owner's interest fall between buildings and contents cover. Glass is sometimes not included as standard on either.

With one package on one review, those sections fit together. That is the real advantage.

What a home package contains

Usually buildings, contents, liability and often legal expenses. Sometimes supplemented with travel, valuables or accident cover.

The package discount increases as you take more elements.

What to look out for

A package is only worthwhile if you actually need the elements. Do not take sections because they give a discount; work out for each element whether it suits your situation.