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Home insurance savings
Home Insurance Savings:
The Right Coverage at the Lowest Cost

House insurance is probably one of the most important things we ever buy for our home (even if it is hardly the most exciting one). After all, think what would happen if your home was damaged by a fire, if you were robbed, or even if a double decker bus ran into your wall! With even a cheap home insurance policy in place, you would be covered as the insurance company would help make things right. Without any form of home insurance there would be nobody left to pay for the damage but you.

The problem that many of us experience when buying house insurance is how to get the right kind of coverage without paying over the top for it. After all, most of us won’t ever need to make a claim on our insurance policy so it makes sense to keep premium payments as low as possible. So, how can you find the best cheap home insurance?

Tips on cutting house insurance costs

  • Buy in bulk: Buying buildings and contents insurance as two separate policies may cost more than buying them together from one insurer. Tell the insurer that you will take out both policies and you will probably get a discount.

  • Buy online: Most insurance companies will give you a percentage discount on your home insurance costs if you buy online.

  • Buy what you need: The higher your insurance levels, the more you pay, so make sure to figure out exactly what levels of home insurance coverage you need. Don’t be tempted to go over the top as you’ll simply have higher premiums to pay. But, do be realistic and don’t be tempted to under-insure yourself. Under-insuring your buildings or contents could actually invalidate a claim.

  • Buy the right features: Many house insurance policies will come with additional features that you can buy on top of your base coverage (although some policies may put these features in as standard). If additional house insurance features are offered as optional extras then you’ll have to pay additional costs to get the coverage. So, think about how likely you are to make a claim on these features before paying for them. For example, freezer coverage (which pays for the contents of your freezer if you have a problem that defrosts it and ruins what’s inside) is not worth paying extra for if all you ever have in your freezer is a bag of peas and a tub of ice-cream!

  • Buy where you like: Unless your mortgage provider insists on your buying your home insurance with it as part of a special mortgage deal, don’t automatically assume that taking out its policies will be the best way to cheap house insurance. Shop around!

  • Buy peace of mind: Home insurance is all about risk. If you can prove to home insurance companies that you have taken specific measures to make your property secure (such as window locks and an alarm for example), then they will know that you are less likely to be burgled easily and you may qualify for a security discount.

Do make sure to read through the terms and conditions of the cheap home insurance policy in which you are interested before signing up for anything. Getting the right house insurance is all about getting a cheap home insurance policy that gives you adequate coverage to help you out financially if something goes wrong. Don’t think that paying over the top for house insurance will give you better coverage and don’t assume that cheap house insurance won’t give the right levels of protection. Find the house insurance policies with the coverage that you actually need and then find the best house insurance cost option to suit your budget.

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