Cheap Home Insurance Advice For Empty Nesters
When your children fly the nest it can leave you saddened or exhilarated. Your life, as you know it, will change considerably. Whilst understandably this period brings mixed emotions, it may also bring new benefits.
Change in circumstances will probably alter your personal insurance needs, including home insurance. Here, we take a closer look at how your needs may change:
Discounts - If your kids are away at university you may be eligible for a student discount on your home insurance. On the other hand, you may be entitled to some senior discounts, and it is always worth checking what is available in your circumstances.
You may need less cover - If your children have taken their possessions (such as laptops of televisions) with them when they left, you may need less cover than you did previously. You can switch to a policy that better suits your needs and save some money in the process. Review your insurance policy today and see if you could be eligible for a cheaper policy.
You may need extra cover - Studies by Datamonitor established that so-called 'early empty nesters' have more disposable income than previous generations and are able to treat themselves to more luxuries and home renovations. Empty nesters in these conditions may therefore require and extra level home contents cover.
Downsizing - If you are downsizing from a large family home to one which better suits your scaled-back lifestyle, your home and buildings insurance needs will undoubtedly change. Re-assess your policy to ensure you are not paying more than you should be.
You might require more cover - Research by Datamonitor found that so-called 'early empty nesters' have more disposable income than previously and are able to treat themselves to more luxuries and home improvements. Empty nesters in these circumstances may therefore require and extra level home contents cover to take into account their new belongings. - 23211
Change in circumstances will probably alter your personal insurance needs, including home insurance. Here, we take a closer look at how your needs may change:
Discounts - If your kids are away at university you may be eligible for a student discount on your home insurance. On the other hand, you may be entitled to some senior discounts, and it is always worth checking what is available in your circumstances.
You may need less cover - If your children have taken their possessions (such as laptops of televisions) with them when they left, you may need less cover than you did previously. You can switch to a policy that better suits your needs and save some money in the process. Review your insurance policy today and see if you could be eligible for a cheaper policy.
You may need extra cover - Studies by Datamonitor established that so-called 'early empty nesters' have more disposable income than previous generations and are able to treat themselves to more luxuries and home renovations. Empty nesters in these conditions may therefore require and extra level home contents cover.
Downsizing - If you are downsizing from a large family home to one which better suits your scaled-back lifestyle, your home and buildings insurance needs will undoubtedly change. Re-assess your policy to ensure you are not paying more than you should be.
You might require more cover - Research by Datamonitor found that so-called 'early empty nesters' have more disposable income than previously and are able to treat themselves to more luxuries and home improvements. Empty nesters in these circumstances may therefore require and extra level home contents cover to take into account their new belongings. - 23211
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posted by X - Men @ 1:55 AM
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