Buildings and contents insurance

Financial reasons for combined buildings and contents insurance

By taking out both buildings and contents insurance with us you'll benefit from an additional multi-product discount. This will be automatically shown at the end of your household insurance quote if you select both buildings and contents insurance. 
 
Another financial benefit is that in the event of a claim that involves both buildings and contents you will only have to pay one policy excess. If you had buildings and contents insurance with separate insurers and made a claim for an incident that affected both of them, it's likely you would have to pay a policy excess on each, rather than one single excess. Examples of this sort of claim might be water damage or a fire, where it's likely that both buildings and contents are damaged at the same time.

Practical reasons for combining buildings and contents insurance

If you take out both buildings and contents insurance with LV= you'll only have one renewal date to remember for your home insurances, which hopefully means that your less likely to forget one of them, and can deal with the renewals in one go.

It's also worth considering that by having both buildings and contents insurance with the same company, you'll hopefully avoid the disputes that sometimes arise between separate buildings and contents insurers who might not be able to come to agreement between themselves as to who should pick up certain costs on a claim that affects buildings and contents insurance. While these disputes shouldn't necessarily affect you financially, they can slow down the progress of a claim and could be avoided if the same insurer is covering both buildings and contents.