Home insurance is a double-edged sword. You can’t live with it, but you are in deep trouble if you don’t have it. The thing about insurance is that people see it as an unnecessary bill that should not be paid. In fact, insurance is one of those things that you need whether you like it or not. Prevention is better than cure. You can’t predict an event or incident. With that in mind, you need to make sure that you are covered.
Home insurance can be expensive. But, with these handy tips, you will be able to save a small fortune, year on year on your home insurance.
Contents versus Building
Do you rent or own your property? If you rent a property, contents insurance is enough to cover you. In fact, it is not your legal obligation to ensure that the building is insured. This is the job of your landlord. While they may convince you otherwise, they are wrong. Estate agents in Wolverhampton have stated that tenants of rental properties do not have to insure at all. Get contents only and be quid’s in.
On the other hand, if you are a homeowner, you need to make sure that you are covered for all eventualities. You don’t want to cut corners and be caught short if the unthinkable happened. The great thing about building insurance is that it covers everything including the garden shed.
Cutting Your Premiums
There are many ways that you can reduce the cost of your home insurance. You don’t have to tell porkies in the process. Of course, you should never lie to your insurance provider as that is deemed as fraud.
Make Your Home Fire-Proof
Of course, there is no sure-fire way of making your home less flammable. Unfortunately, the contents within it are mainly electrical. But, you can make your premiums cheaper by installing and maintaining fire alarms. You will see a significant saving on your home insurance by having these fitted. Your local fire station will be able to help.
No Claims? No Problem
Having a good track record of not claiming will reduce your premium year on year. If you don’t claim for incidental matters, your insurance will be cheaper. Yes, you may want a new carpet, but kicking paint tubs down the stairs will not see that you get more reasonable premiums.
Not all home insurance providers offer a no-claims discount, but it is worth investing some time to find out who does.
The comparison site is king at the moment. Make use of the horrific adverts and see who can compare your quote. While the adverts may be annoying, these websites are your solution to saving a lot of money on your home insurance. Utilise them to their full advantage. Take the opportunity to get a wide range of quotes. Endeavour to seek out insurers that do not advertise their business on comparison sites. Haggle and barter with insurance companies to get the best deal. After all, if you don’t ask, you don’t get.