How to save on the cost of Home Insurance
None of us like paying insurance bills and it is only when a loss happens that we realise the true benefit of having insurance. Let us help you save a little more on price and at the same time guarantee you peace of mind!
You should insure your house for the total rebuild cost, do not confuse this with sale/market value of the house. These are very different amounts. Insuring the market value will cost you unnecessarily and you will not get the benefit in the event of a claim.
It is recommended that you make a list of all your belongings in your house to get a more accurate value for the contents sum insured. Guessing the value could result in your being over or under insured and you do not want to find this out in the event of a claim when its too late.
A greater discount is available, the more you are willing to contribute yourself towards a claim in the form of an excess. These voluntary excess discounts range up to 10% depending the on policy, insurer and excess level chosen.
Having a standard or monitored Alarm system installed will decrease the cost of your home insurance, some insurance companies can discount by up to 15% for this. People can now purchase home surveillance equipment for next to nothing and kit their homes out with security cameras and monitors that can be managed from your smart phone.
Accidental damage cover costs extra and not every policyholder may necessarily need this. It is certainly worthwhile for a family with young children to have this cover where more accidents are likely to happen in the home.
It is always important to question if you need optional extra covers. With a lot of people having smart phones and tablets nowadays, it is wiser to cover these items on a separate specific gadget insurance rather than under a home insurance policy. It is expensive and rather restrictive to add All Risks cover for gadgets under a home insurance policy.
If you’re not happy with your current home insurance provider or cover, please call Travers so that we can offer you a better price and service.