Bungalow Insurance
When you get home insurance for a bungalow, the price may change because of rebuild costs and risk factors. This article shows how these factors could affect your insurance price.
What is classed as a bungalow?
A bungalow is typically a house with just a single storey, instead of two or three storeys. Some houses might have a half level, with upper rooms set into the roof, and designed with dormer style windows. These buildings might be known as chalet bungalows, but are still technically bungalows in many cases. Traditionally, bungalows have been popular with older homeowners, particularly senior citizens, because there are no stairs to navigate – a positive for any members of the household who may have mobility issues.
What home insurance do I need for a bungalow?
In many areas, home insurance for a bungalow is similar to any other type of domestic property. Whether you live in a bungalow, semi-detached house, detached house or flat, you should make sure you have the right level of protection and insurance cover in place.
Buildings insurance is not required by law, but most mortgage providers will insist that you take out a policy before they give you a loan. Contents insurance is optional – but if you want the contents within your home to be protected against potential damage or theft, you really should have a policy in place.
When you get a quote for home insurance – whether you are getting one for the first time, as a first time buyer, or you’ve moved into a new property – you’ll be asked to confirm the type of property you are insuring. Make sure you select bungalow.
Are there any differences from bungalow insurance than other home insurance?
Bungalow insurance is like regular home insurance. You'll likely want two types of cover: buildings and contents, or a combined policy. Bungalows may cost less to rebuild because they often have fewer rooms than multi-story homes.
What’s covered?
A standard home insurance policy (covering both buildings and contents) usually includes:
- Fire, theft and flooding
- Escape of water (e.g burst pipes)
- Subsidence
- Vandalism
There are a few things that typically aren’t covered by home insurance. It usually doesn’t cover damage from wear and tear or lack of maintenance. Personal items lost or damaged outside the home, and high-value items like jewellery, may need separate insurance. It’s best to check your policy for full details.
Bungalows and rebuilding costs
Just because you own a property that isn’t on two floors, it doesn’t automatically mean that your home insurance will be half the price. But, when it comes to calculating the cost of buildings insurance, one of the most important factors is working out the rebuild cost of your property.
The rebuild cost is the price you’d pay if there was significant damage to your property. And in some cases, if you are required to completely rebuild it.
In theory, because you may only have a single storey to potentially completely repair, the rebuild costs for your bungalow could be lower. This might result in a cheaper home insurance policy price, but don’t assume it will. Your home insurance provider will make the decision on that.
Are bungalows a greater security risk?
Some insurers may rule that a bungalow poses a greater risk, in terms of security. Why? Well, some might consider that, because the property is all on one level, it’s easier for thieves and intruders to gain access. With more ground floor rooms to the property, there are potentially more entrance points for a burglar.
There might also be a greater risk of damage to a bungalow in the event of a fire or a flood. With a house on two or three levels, a flood might just affect the ground floor, leaving upper floors unscathed. Your possessions and furniture on those upper floors might escape any damage. But, when a bungalow floods, there is a risk of everything in the home – everything you own – being badly damaged.
This, then, might affect your contents insurance, so it’s important you have sufficient cover in place. Make sure you calculate the value of your contents as accurately as possible – our contents calculator can really help.
