August 14, 2018

How to find the right home insurance policy

It’s always a good idea to make sure that your home is fully protected.  You need to make sure that you buy the right home-insurance policy for your circumstances.

Sometimes home insurance isn’t the most straightforward cover to understand, but at the same time it’s very important to understand because it’s how you secure your home from anything unexpected.

Finding a policy that meets your requirements is important and here are some of the best ways to do it:

  • Within home insurance there are generally two different types of cover – Buildings Insurance and Contents Insurance cover.  Buildings Insurance protects the actual structure of your home, whereas contents insurance protects the possessions you have inside the home.
  • Getting the rebuild cost right is vitally important.  Most property rebuild costs are very different from the market value of a property.  This is because the market value is affected by the area and land values.
  • A general contents insurance policy might not cover your most valuable items.  Expensive items like bikes and expensive laptops are not usually insured under an average contents insurance policy.
  • The excess on your policy is important.  If you opt to pay more excess then you may pay a lower premium price.  But it does have it’s downsides in that if you have to make a claim you will need to pay a higher amount up front.
  • Compare different policies and providers by shopping around for your home insurance.  If you just choose the first provider that you find you might be missing out on a better price for the same policy.  Shopping around can save you money in the long run.

Finding the right home insurance policy is something that is important as you could end up paying too much for your policy or having the wrong type of cover for what you need.  The tips above give you a bit of help around how to go about getting the right policy for you.

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