There's a good chance if you have a home that you already have homeowners insurance, but did you know that it may not cover new or existing outbuilding or any of the actual contents in your home. What this can mean to you is that should disaster strike, you could be in trouble unless you have building and contents insurance.



If you do not have this type of insurance many things can go wrong and devastate you not only financially but also emotionally. Contents and building insurance is to protect you from damage that other types of coverages do not. Meaning that if you have a fire, your personal belongings, furniture, wall hangings and other types of home furnishings may be completely destroyed and you will have no recourse.



Floods can also cause major damage, and this doesn't have to mean a river flood, it can be a main water break, a burst pipe in your home, or even just a leaking ceiling. Without the proper type of insurance all of the items damaged or washed away will be replaceable only if you can pay for them yourself.



Another disaster that can happen, home invasion or robbery. Again, you'll lose all the items that are stolen or damaged, and some of them may be priceless. Don't forget, damage from a party gone wild, an angry relative, broken water main, all can cause serious damage to the items on your property and in your home.




In order to purchase this type of insurance you'll need an inventory of what you want covered and the approximate replacement costs. This means TVs, computers and other electronics, kitchen items, antiques, furnishings such as beds and living room sets, jewelry and other personal effects as well as any buildings, porches, decks or other structures that are not covered by your home insurance plan.



Most of these types of items discussed were expensive to purchase and are a part of your lifestyle, without the savings to replace them you could be devastated not just emotionally but financially as well. Disasters are hard enough to reckon with, without having to sleep on the floor.



It's not expensive or hard to get, the insurance for building and contents, it's available through many companies, so don't risk the way you enjoy your home, make sure your have renters or building and contents insurance.