The cost of home insurance depends on the property you live in and your area. However, it is possible to save money by improving security, having a higher excess and even belonging to a Neighbourhood Watch Scheme.
Buildings insurance: This covers the structure of your home, including any fixtures and fittings, against damage caused by risks including fire, flood, storm and subsidence. It's compulsory if you own your home. The sum assured should be enough to pay for the full rebuilding of your home.
Contents insurance: Covers you for theft, loss or damage to all the furniture and possessions in your home. Most policies provide new for old cover and pay out the full cost of a new replacement. Some policies require additional premiums for expensive items like jewellery, computers, bikes etc.
Get your Discounts. Make sure you get all the discounts you may qualify for. Check on discounts for safety and security features. Buy home insurance online and you can often save between 5% and 10%!
No Claims Bonus: If you have a claim free record for a year or more then you should qualify for a no claims bonus.
Improve Security: Locks and security alarms will help reduce your premiums - make sure you tell your insurance company about your security measures when getting a quote. Even being part of a Neighhbourhood Watch scheme can reduce your costs.
Increase the Excess: The excess is the amount of money you have to pay towards a loss before your insurance company starts to pay a claim, according to the terms of your policy. The higher the excess, the more money you can save on your premiums.
Get a Home Insurance Quote
************************************************************
Based on an original document © Simple Joe, Inc. and adapted for the UK market by Buy Insurance.
