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