Apart from being the roof over your head, your home is the biggest asset purchase youre likely to make during your lifetime. Everybody also needs one to come back to every night, so its easy to see why its worth protecting. Credit Worlds Home Insurance Comparison Tool has done the hard work for you. Compare prices, cover, contents, extras and more from a large range of providers from the comfort ofwellhome!
|Provider||Product Name||Key Features|
|Apply NowMore Info|
Home insurance can cover two categories of insurance. Buildings insurance covers the actual property, while home contents insurance can cover what is inside the house, such as clothes, furniture, electronics and jewellery. These two types of insurance can be combined within the same policy or they can be bought separately.
As with any kind of insurance, home insurance policies can differ greatly. Variances include what is covered, what is excluded, and how much the policy will cost. Although it is important to shop around to get the best deal, it is also essential that you choose the best cover for your property.
Tips for Choosing the Best Home Insurance
Reduce the Risk
One of the most important factors in home insurance is risk. Insurers can charge more if they believe your property is high risk. If you can reduce these risks, you can perhaps reduce your premium. One of the first things to do is contact your home insurance provider to ask for a list of things you can do to make your home more secure.
This may include installing a recognised security system, smoke alarms, and window and door locks. You may have to provide proof of these changes to your insurer. You should also mention any extra information, such as owning a dog, or being a non-smoker or non-drinker. These things can reduce your premiums as well.
Calculate the Cover you need
Online tools are available to help you calculate the level of cover you will need. Many homes are under-insured or over-insured, so it's important to spend some time working out what is right for you.
For home contents insurance, you will need to work out the value of the items in your home. In each room, make a list of all the items to be covered, along with the value of each. Remember that some policies may put a cap on how much you can claim on certain items, so it may be worth choosing separate policies for those.
For buildings insurance, you will usually find this covers the rebuild value of your house, not its market value. This is the amount it would cost to rebuild your house if it is destroyed. This amount can usually be found on the property deeds or your mortgage agreement.
If this option doesn't suit you, you can also choose a policy that has a high or unlimited buildings sum insured so you don't have to worry about insuring the right amount.
It can be helpful to take photos or make a video of your home and its contents. Keep this and other insurance documents in a firesafe box, or in a security box outside your home. This can help to speed up the claims process, and make sure you are covered for all insurable items.
Regularly Review your Options
It doesn't hurt to ask for a better deal. Review your home insurance options annually to see if you could be getting a better deal elsewhere. Shop around to find some quotes online and compare them to what you are currently paying.
If you are paying too much, contact your current provider to see if they can match the other quotes. If not, it could be time to switch. Just make sure the new policy offers the same amount of cover as your old one.