Home buildings insurance and home contents insurance are two types of insurance policies that protect homeowners in the event of damage or loss to their property.
Home buildings insurance covers the physical structure of a property, such as the walls, roof, floors, and fixtures like built-in cabinets and appliances. This policy typically covers damage caused by events like fire, flood, and storm damage, as well as damage caused by vandalism and theft. If your home is damaged or destroyed, this insurance policy can help cover the cost of repairs or rebuilding.
Home contents insurance, on the other hand, covers the items inside your home, such as furniture, electronics, clothing, and other personal possessions. This policy typically covers loss or damage caused by events like theft, fire, and flood. If your belongings are damaged or stolen, this insurance policy can help cover the cost of repairing or replacing them.
It's important to note that while these two types of insurance policies are often sold together as a package, they are separate policies with different coverage and premiums. Homeowners should carefully review their insurance policies to ensure they have the right coverage for their needs.