Cut the Cost of Your Home Insurance Premiums
It is highly likely that your home is the biggest investment you will ever make, and so protecting it properly should be a high priority. Home insuranceincluding both buildings and contents insurance is a necessity, but there is no need to pay a higher price. This guide is intended to equip you with some tips to help you reduce the cost of your home insurance premiums.
Approved locks on windows and doors
The cost of your home contents insurance is inherently linked to the amount of risk associated with your situation. Fitting BS 3621 deadlocks can help reduce your risk, and your premiums, as they are tougher to break into than normal locks.
Have a higher excess
The higher your excess level, the less the insurance company will need to pay out to you in the event of a claim. Reconcile this with how much you could feasibly pay in excess with how much you could save.
Join the Neighbourhood Watch
As part of the neighbourhood watch, you will be privy to tips on how to make your home safer, as well as having your neighbours watch your property whilst you are away. Aside from the peace of mind you get from this, it will also decrease your home insurance costs.
Install a Burglar Alarm
Taking measures to reduce your risk of burglary, such as installing a burglar alarm system, will reduce the costs of your home contents insurance. A NACOSS-approved burglar alarm is the preferable choice.
Keep claims to a minimum
When your insurance company calculates the cost of your home insurance they take into account your claim history as an indication of how likely you are to claim in the future. Therefore keeping your claims to minimum will positively affect you premiums.
Get a Safe
If you have valuable items and need jewellery insurance it is a good idea to install a Safe in your home. This will help to offset the extra cost that may be incurred through high-value items. - 23211
Approved locks on windows and doors
The cost of your home contents insurance is inherently linked to the amount of risk associated with your situation. Fitting BS 3621 deadlocks can help reduce your risk, and your premiums, as they are tougher to break into than normal locks.
Have a higher excess
The higher your excess level, the less the insurance company will need to pay out to you in the event of a claim. Reconcile this with how much you could feasibly pay in excess with how much you could save.
Join the Neighbourhood Watch
As part of the neighbourhood watch, you will be privy to tips on how to make your home safer, as well as having your neighbours watch your property whilst you are away. Aside from the peace of mind you get from this, it will also decrease your home insurance costs.
Install a Burglar Alarm
Taking measures to reduce your risk of burglary, such as installing a burglar alarm system, will reduce the costs of your home contents insurance. A NACOSS-approved burglar alarm is the preferable choice.
Keep claims to a minimum
When your insurance company calculates the cost of your home insurance they take into account your claim history as an indication of how likely you are to claim in the future. Therefore keeping your claims to minimum will positively affect you premiums.
Get a Safe
If you have valuable items and need jewellery insurance it is a good idea to install a Safe in your home. This will help to offset the extra cost that may be incurred through high-value items. - 23211
About the Author:
Philip Youngwood is a freelance writer with a strong interest in the importance of insurance, particularly home insurance.
posted by X - Men @ 12:58 AM
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