A Guide to Home Contents Insurance Comparisons
How is Home Contents Insurance Defined?
Insurers define “contents” as the sort of things you would take with you if you were to move house, such as furniture, clothes, electrical items, money and jewellery.
Experts estimate that one in five households could be under-insured because they do not know the true value of their home contents.
How you should compare home contents insurance:
Shop around- make sure that you compare about five quotes from various home contents insurance providers.
Opt for paying annually – when comparing different quotes, check to see whether they provide annual payment options or not. This could end up saving you quite a bit of money in the long run.
Cut the frills out of your policy- try to find home contents insurance products that have the specific cover that you need, without any additions that hike your premiums up.
Raise the excess- by choosing a policy that allows you to raise your excess you may be able to pay lower premiums.
Combine contents and buildings insurance – try to find insurance providers that offer extra discounts for multiple policies.
Build up a No Claims Discount
Make sure a policy provides the cover you need – you need to make sure that you have the right kind of cover for your needs.
When comparing, make a list of what is and what isn’t covered by each policy – this can help you to keep track of what you really need and which insurance provider meets these needs adequately.
Consider the policy benefits against each price – you need to assess the benefits you’ll be getting and compare it to the premium you’ll be paying.
Look at the excesses for any policy you’re considering.
Insurance comparison websites can save you time because they allow you to view several quotes at once.