Generally speaking
General insurance is important for your peace of mind. It enables you
to minimise the effects of unexpected and often unwelcome future events,
and helps you to organise your personal life with greater
confidence.
 Household
You need to consider two kinds of household insurance policy. Buildings
insurance, which covers the structure of your home and any fixtures and
fittings, and contents insurance, which covers all the furniture, furnishings
and the like in your home. In fact, it covers anything you would take
with you if you moved.
The sum insured under a buildings policy must be the full rebuilding
cost of your home. As well as covering you against a long list of 'risks'
(including fires, subsidence, theft, flood and storm) both types of policy
include an important 'liability' section. This pays for compensation
if you are successfully sued.
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