What is household insurance?
This is a form of property insurance designed to protect an individual’s home against damages to the house itself, or to possessions in the home.
It is typically regarded as:
- Buildings Insurance, which covers the actual structure of the home.
- Home Contents Insurance, which covers possessions within the home.
When you are trying to get household insurance it’s important to make sure that you compare as many quotes as possible. Your focus should however be on making sure that you find the right cover for your needs.
Start by shopping around:
This is the golden rule of getting insurance. The fact is your insurer isn’t going to reward your loyalty with cheap cover. You need to take the initiative to compare with many companies to make sure that you are getting the best deal. Unlike in the past, where you had to rely on an insurance broker, nowadays you have access to online comparison sites. Make sure that you avoid auto-renewal of insurance.
Combine buildings and contents cover:
By combining your insurance policies you are able to save more on your household insurance. This has a number of benefits, such as having to deal only with one insurer. This means that you will have an easier claims process and easier policy maintenance in general.
Increase your security:
By installing an alarm system and burglar proofing in your home this will help to deter possible break-ins. Any preventive measures you take will result in lower insurance premiums. When you are comparing household insurance make sure that you find out about discounts related to security features.
Think about excess:
The excess amount is the money that you agree to pay before the insurance company settles your claim. Find out from the insurance company about your excess and what this effect this will have on your premiums.
Find about payment methods:
Find out if your insurance company has any facilities for annual payments.