Home & contents insurance

The one policy your lender actually requires.

Buildings cover sized on rebuild cost, in force from exchange — plus contents cover priced properly rather than guessed.

AI summary

Home insurance for a mortgaged UK property has two parts. Buildings insurance is a mandatory condition of virtually every mortgage offer and must be in force from exchange of contracts, with the sum insured at least equal to the rebuild cost (typically 50–70% of market value, taken from your survey or the BCIS calculator). Contents insurance is optional and covers possessions, usually £40,000–£75,000 as standard with single-item limits around £1,500–£2,500. Standard perils include fire, flood, storm, escape of water, theft and subsidence; high flood-risk postcodes may need Flood Re-backed cover, and prior subsidence usually brings exclusions or a higher excess. Leasehold flat owners generally need contents cover only, as the freeholder insures the building.

Key facts

The numbers, at a glance.

Buildings cover
Mandatory
Sum insured
Rebuild cost
In force from
Exchange
Typical contents
£40k–£75k
Eligibility & documents

What lenders want to see.

Who typically qualifies

  • Owner-occupied freehold or leasehold UK property
  • Standard or non-standard construction (thatch, timber frame, listed)
  • Previous claims, flood risk and subsidence history all quotable
  • Unoccupied and renovation cover available separately
  • Joint policyholders and multi-generational households accepted

Documents to prepare

  • Rebuild cost from your survey or a BCIS estimate
  • Property age, construction type and roof material
  • Number of bedrooms and any listed-building status
  • Claims history for the last 5 years
  • Security details — locks, alarm, occupancy pattern
Why us

How Elena helps, specifically.

Rebuild-cost accuracy

Sized correctly so you're neither underinsured nor overpaying.

Lender-compliant

Cover note issued in time for exchange, with your lender noted.

Flood & subsidence

Flood Re-backed options for high-risk postcodes and past claims.

Non-standard homes

Thatch, timber frame, listed and period properties all placeable.

Excess balanced

We model premium against excess rather than defaulting to the cheapest.

AI-matched

Elena compares cover wording, not just headline price.

What Elena recommends

Top insurer matches for this cover

Best match
Aviva
Buildings + Contents · £350k rebuild
£21/mo
representative rate
Match score94%

"Strong all-round wording with reliable escape-of-water claims handling."

LV=
Home Plus · £350k rebuild
£24/mo
representative rate
Match score90%

"Higher single-item limits and generous accidental damage as standard."

Hiscox
606 Home · £500k+ rebuild
£48/mo
representative rate
Match score85%

"Best for period, listed and high-value properties with unusual construction."

FAQ

Questions, answered.

Is buildings insurance mandatory for a UK mortgage?

Yes. Virtually every UK mortgage offer requires buildings insurance to be in force from exchange of contracts, with the sum insured at least equal to the rebuild cost. Contents insurance is optional but usually bought alongside it.

What is the difference between rebuild cost and market value?

Rebuild cost is what it would cost to rebuild the property from scratch, including demolition, materials and professional fees — often 50–70% of market value. Insure the rebuild figure (shown on your survey or via the BCIS calculator), not the purchase price.

Does home insurance cover flood and subsidence?

Standard policies cover flood, storm, escape of water, fire, theft and subsidence, but properties in high flood-risk postcodes may need Flood Re-backed cover, and previous subsidence usually triggers exclusions or a raised excess.

Do I need cover from exchange or completion?

From exchange of contracts on a freehold purchase, because risk passes to you at that point. On leasehold flats the freeholder normally insures the building and you only need contents cover.

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