TIPS FOR OBTAINING CHEAPER HOME INSURANCE
For any modern home filled with a variety of appliances, technology and expensive gadgets – the concept of home insurance is vital. But with so many different kinds of insurance being essential to modern life, home insurance is one of the easiest ones to forget about – not least because the costs soon add up!
In this guide, we’re going to reveal several tips that can help you achieve reduced costs when it comes to home insurance – so you can obtain all of the coverage you need, without breaking the bank in the process.
COMBINE YOUR CONTENTS AND BUILDING INSURANCE
Insuring the structural integrity of your home is an absolute must – because if something was to go wrong in this department – the repair costs can become overwhelming. But if your home is full of modern appliances and technology, it’s equally important to insure your contents as well.
Therefore, one of the best ways to reduce your overall outgoing insurance costs is to choose a policy which combines both of these essential insurance options. By combining your contents with your building insurance, you’ll often be able to negotiate a cheaper price – especially if you’re switching one of the policies over us they’re both with the same company.
PAY MORE VOLUNTARY EXCESS
One of the most effective tricks for reducing your monthly insurance costs is to pay a higher voluntary excess. This could mean having to pay out more money if you do make a claim, but the main advantage of this tactic is that it allows you to cut your premium, and the reduction can be quite significant in many cases.
If you don’t want to sacrifice any aspect of your home insurance policy, but you still want to receive a discount – then one of the best things to do is opt for an annual payment rather than a monthly one. While this will obviously cost you more upfront, it will ultimately result in a tidy discount once you calculate the cost over the course of a year. Of course, the best thing about this strategy is that you’re not compromising the quality of your insurance at all.
REDUCE THE EXTRAS
Most insurance policies come with a variety of optional extras, and at the time, a skilled insurance salesman can make these optional extras seem like must-haves. But in the cold light of the day, these extras can often appear to be more hassle than they’re worth.
With this in mind, it may be worth reducing some of the extras you’re currently paying for. In fact, if you’re feeling particularly bold, you could cut out an aspect of the cover entirely – such as accident insurance. this could reduce your premium by up to 25% – but you’ll have to be extra careful around the house from now on!
Overall, it’s easy to say that home insurance is a vital aspect of modern living, and it would be foolish to live without it entirely. But if you follow the tips in this guide, you’ll have a great chance of paying a lower premium, and making the bills all the cheaper for it.