More than just a Pretty House
Home insurance is one market that has been revolutionised by the advent of the internet. You can tailor policies online to suit your requirements and search an abundance of providers in minutes. It is often the case that if you buy your insurance online you will receive a hefty discount. Most sites offer high percentage discounts if you buy on the company website.
Home insurance consists of contents insurance and buildings
insurance. You may think wish to buy one or the other but if you buy one, you can often get the other for a minimal fee. It is generally wise to enquire if you can get a cheap deal if you purchase buildings and contents insurance simultaneously.
Customer friendly payment schemes make insurance much more affordable. You will generally be paying direct debit so do ensure that that the provider doesn’t charge a fee.
As with your car insurance, if you pay a high excess on your home insurance you will get a cheaper premium. You should not be tempted to pay too high an excess – be realistic in what you could afford should the worst happen.
You should always read up on any policy endorsements your insurer might enforce. If you leave your home uninhabited for a long period, the insurer may expect you to have switched the water off at the stopcock. If your home floods due to a broken tap and your water hasn’t been turned off it may invalidate your claim. Buildings insurance will tend to cover all fixed items including kitchen and bathroom units, and bedroom suites.
For most people, the home is the biggest investment they will ever make. Your hard earned wage is transformed into bricks and mortar and for this reason buildings insurance is a logical purchase. Fire and flood are rare but they do happen and could leave you ruined if you don’t have sufficient cover.