5 Tips for Cheaper Home Insurance

Home insurance is a basic term for two different insurance products. Buildings insurance to protect your property's structure and home contents insurance to cover your moveable household objects and valuables. Unfortunately not all home insurance policies are created equal making it difficult to compare like with like. The level of protection offered can vary from policy to policy along with the price. So having a good idea of what you need to insure and for how much will reduce the overall time and money spent buying it. TIP 1: Less risk equals a lower premium All insurance plans protect against the risk of financial loss. So to keep the cost to a minimum, cut the risk to the insurance company and you'll be rewarded with a lower premium. Some of the most effective measures are: * Speak with your home insurance company or local neighbourhood watch scheme and they will send you a list of steps to take to make your house more secure. * Fit locks to all windows and level 5 (BS3621) mortise deadlocks locks to the doors. Most insurance companies will give you up to 10% off your contents insurance if you have these locks fitted. * Have an alarm fitted by a recognised alarm fitter, which your insurance company can recommend, and again this can give you up to 10% off your premiums. Please bear in mind that these are expensive alarms which require annual check-ups. * Higher policy excess. You will usually have to pay the first