Buying your first home is exciting but can also be overwhelming. For first-time buyers in Ireland, understanding the mortgage process, and also knowing where to start is crucial. To make…
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Looking after your Home Insurance needs
Protect your home in the event that something happens with MortgageLine’s home insurance. Our home insurance covers risks such as fire, theft, loss and damage. Having your property and possessions protected by home insurance comes with the peace of mind that should the worst happen, we’ll be there to help when you need us.
MortgageLine and our insurance partners Allianz and Zurich can provide you with a competitive Home Insurance Quote.
Why do I need Home Insurance?
If you own and live in your home, it makes sense that you would want to protect it against any potential loss or damage. MortgageLine’s home insurance for homeowners features many great benefits:
- Save up to 10% when you get a quote and purchase your insurance online.
- Access to 24 hour emergency and claims helplines.
- Alternative accommodation cover if you need to move out while repair works take place following a claim (up to 20% of the sums insured).
- Replacement locks up to €700 if keys are stolen.
What does Building Insurance Cover?
Buildings insurance covers the cost of repairing for damage or loss to the structure of your property.
Buildings insurance covers the physical structure of a property, such as the walls and roof, against damage, loss and theft. It also covers permanent fixtures and fittings within the home, including bathroom suites, fitted kitchens and built-in wardrobes.
With buildings insurance, you are protecting the building against damage but also in the event that something disastrous happens and you have to rebuild the home in its entirety.
Advise on Home Insurance Cover Types
MortgageLine offers expert advice on various home insurance cover types, ensuring you make well-informed decisions that align with your needs. Here’s a breakdown of each insurance type:
Buildings Insurance
Your home is likely your most valuable asset. Buildings Insurance covers the cost of repairing or rebuilding your home if unforeseen circumstances damage it. MortgageLine advises finding a policy that covers all structural elements, including roofs, walls, and permanent fixtures, ensuring you are fully covered against the unexpected.
Contents Insurance
From furniture to personal items, Contents Insurance covers everything inside your home. MortgageLine provides insights into selecting a policy that offers the right level of cover for your belongings, whether you’re concerned about theft, damage, or loss. Our advice helps you understand policy exclusions and limits to ensure your possessions are fully protected.
Multi-Year Home Insurance
Multi-Year Home Insurance could be an excellent option for homeowners seeking stability in their insurance expenses. MortgageLine advises on multi-year policies that lock in your premium rates, helping you avoid annual increases and simplifying budget planning. We guide you through the benefits and considerations of securing your home insurance in the long term.
Renters Home Insurance
As a renter, protecting your personal belongings is essential. MortgageLine offers advice on Renters Home Insurance, which covers your personal property within a rented residence. We help you find suitable coverage that protects against theft, damage, and personal liability, ensuring peace of mind in your rented home.
Landlords Home Insurance
For property investors, protecting your rental properties is key to maintaining your income stream. Landlords Home Insurance is designed specifically for rental properties. MortgageLine advises on policies covering property damage, liability issues, and loss of rental income, helping you safeguard your investment and continue reaping its benefits.
Holiday Home Insurance
Owning a holiday home comes with unique risks, especially when the property is unoccupied for periods. MortgageLine provides advice on Holiday Home Insurance, ensuring you have coverage for the building and its contents and protection against potential liabilities. We help you understand the special terms involved in insuring holiday property.
Tips & Tools
The Society of Chartered Surveyors Ireland’s Rebuild Calculator is a handy tool that can help you calculate the rebuild cost of your home, giving you peace of mind.
Click for Rebuild Cost CalculatorThis calculator is intended as a guide only to give you an indication of the rebuilding cost of your house. To be totally confident that your home is adequately insured, an independent surveyor, can calculate the exact rebuilding cost of your home. Rebuild costs should also factor in the costs of professional services, if for example, you needed to avail of a solicitor or architect.
Is building insurance compulsory?
If you are planning to buy your home with a mortgage, your lender will require that you take out buildings insurance.
Buildings insurance is compulsory if you are planning on buying you home through a mortgage lender. In general, buildings insurance is a condition of the mortgage and must be enough to cover the outstanding mortgage. If you don’t have a mortgage but own a property it is advisable to have home insurance as it will protect your property against damage or loss.
MortgageLine can help you understand the different types of home insurance policies that are available to you. We can help you evaluate your individual home insurance needs and find a policy that provides the right level of cover for your situation at a competitive price.
Please remember it’s important to carefully review the policy terms and conditions before purchasing a policy to ensure that it meets your needs and provides adequate cover.
Frequently Asked Questions
What Is the Importance of Having Home Insurance?
Home insurance is essential as it safeguards your property and possessions against unexpected events such as fires, theft, natural disasters, and other forms of damage. This type of insurance ensures that in such incidents, you will not have to bear the full financial burden of repairing or rebuilding your home. Moreover, it can cover additional expenses, such as alternative accommodation, if your home becomes uninhabitable temporarily.
Our advisers at MortgageLine collaborate with reputable insurance partners like Allianz and Zurich to offer competitive quotes, helping homeowners find suitable coverage options that meet their needs and budget. Having a home insurance policy not only protects your physical property but also provides peace of mind, knowing that you are prepared for unforeseen circumstances that might otherwise jeopardise your family’s security and financial stability.
What Does Building Insurance Cover?
Building insurance primarily covers the cost of repairing or rebuilding your home if it is damaged or destroyed by insured events such as storms, floods, fires, and theft. This type of insurance is focused on your home’s physical structure, including the walls, roof, floors, and attached fixtures like pipes, cables, and baths. It typically includes protection for outdoor structures such as garages and fences.
Moreover, building insurance may cover the costs associated with debris removal and architect fees needed for rebuilding. Our advisers at MortgageLine help homeowners understand the extent of coverage provided by different policies, ensuring you choose one that adequately protects your property. To avoid underinsurance, homeowners must ensure that their building insurance covers the total rebuild cost of their home, not just its market value.
How Can MortgageLine Assist in Choosing the Right Home Insurance?
Choosing the right home insurance policy can be complex, with various factors to consider, such as coverage limits, deductibles, and exclusions. MortgageLine provides expert advice and assistance throughout the process, helping clients compare different insurance policies from various providers to find the one that best suits their needs.
Our advisors consider factors like the property’s location, its structural aspects, and the homeowner’s financial situation to recommend policies that offer comprehensive protection at a competitive price. MortgageLine ensures that clients fully understand their policy’s terms and coverage details, which is crucial for making informed decisions. We also assist with the application process, making it smoother and less daunting for homeowners.
What Should Be Considered When Choosing Home Insurance?
When selecting home insurance, it’s essential to thoroughly assess the coverage scope to ensure it matches your specific needs. Key considerations include the extent of coverage for both the building and its contents, including accommodations if your home becomes uninhabitable, and the process and terms related to claims. It’s also vital to understand the policy’s exclusions and limitations to avoid surprises during a claim.
Homeowners should evaluate the deductible amounts and check if the policy offers a no-claims discount. MortgageLine assists clients by explaining these details and guiding them through the insurance landscape, helping them choose policies that provide the best home protection. Our guidance is particularly beneficial in ensuring homeowners get a good price and adequate coverage that protects their property and belongings.
What Are the Benefits of Choosing MortgageLine for Home Insurance?
MortgageLine offers several advantages, including personalised service, competitive pricing, and a wide range of coverage options. We have a reputation for providing detailed and customer-focused advice, ensuring that homeowners understand their insurance choices and get maximum benefits. Our strong customer service and coverage options make us a reliable choice for home insurance.
