Buying any kind of insurance can be confusing, and home insurance is no different. Policies often have a lot of exclusions and exemptions that make it harder to choose one than it would be to give you information that would make it easier. Here are some tips to help you get the best deal on your home insurance.
When choosing a policy, you should keep in mind that there are limits on how much you can spend on a single item. This is the most the insurance company will pay for a single item if it gets broken. If you want to cover anything that costs more than this, you will have to pay more for insurance.
Some policies cover accidental damage, but not all of them do, and you might have to pay extra for it. Keep this in mind when comparing online quotes.
Almost 70% of households don't have enough insurance, so it's in your best interest to make sure the value of your belongings is always up to date. If you haven't kept track of any changes to your policy, it could affect your claim in a big way if you ever need to make one.
Adding more security to your home and the area around it can help you save money on your home insurance premium. Simple things like putting your garden lights on a timer or making sure your doors have good locks like mortise or deadlocks can help you save money.
Make sure you know exactly what your policy covers and what it doesn't. For example, a standard policy usually doesn't cover computer equipment, camera equipment, or jewellery with gold and precious stones.
You can also save money by always letting your insurance company know if you are going to be gone for a long time and letting them know if you live in a high-risk area, such as a flood zone.
