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How To Find Cheap Homeowners
Insurance In The United Kingdom
There are two types of home owner
standard insurance cover in the United Kingdom. They are
buildings insurance and contents insurance. Building
insurance is cover protecting the construction of your
home and property. Contents insurance protects any
household object in your home that can be moved with
you. This includes some valuables.
To find the cheapest homeowners policies, going to price
comparison insurance websites such as prudentplus.com is a practical way to
review several homeowner insurance companies, and what
these companies offer in the way of standard cover for
buildings and contents. You will also be able to
research what add ons might make sense for you to
purchase depending on the value of your home and the
contents you own.
What you will discover as you begin
your price comparison search is home insurance policies
vary according to the insurer. Before you begin your
search, it is a good idea to know what you are looking
for, which will help to minimise the money and time you
spend to find the best insurer with the most standard
cover at the cheapest rates available.
What to
do if you are turned down for insurance
There are
many reasons why an insurer may decline to accept you as
a customer, ranging from a change of policy, through
past non-payment of premiums right up to suspected fraud
in your postcode. If you have been turned down for a new
policy or a renewal it may be better to seek the help of
a specialist broker. You will find contacts on this this
site if you have had
insurance refused in the past.
Reducing Your Risks Will Help To Reduce The Cost Of Your
Premiums.
There are measures you can take ahead of time to make
the loss or damage to your property and its contents
less risky.
For example, if your windows are protected with locks
and your doors have deadlocks, you can expect to see
that many insurance companies will offer you a discount
when purchasing homeowners insurance. Having a
recognised alarm fitter install an alarm system in your
home is also a good way to reduce the risk of your home
being robbed. Although alarm systems can be expensive,
if you have valuables in your home, the expense is well
worth it considering the price you would have to pay to
replace a cherished antique or expensive piece of
jewelery.
You might also consider raising your excess on a
voluntary basis. Most insurers require an excess of at
least £50 on any claims made. However, if you opt to
raise your excess to £100 or more, you will see that
your premium will be reduced.
If you live in an area that has an active neighbourhood
watch program, there are some companies that will offer
a discount simply because the area is taking extra
precautions to prevent robbery and vandalism.
If you've never had to file a claim and have a history
of owning a home with a recognised homeowners policy,
you could qualify for a no claims bonus. To keep a
policy claim free, it may be to your benefit to pay for
a smaller loss or damages to your home rather than
submit a claim. This to an insurer means you are in a
lower risk level, and it could very well be reflected on
the premium you pay.
There are also homeowner insurers that offer discounts
to homeowners over 50 years old, homeowners with
lifestyles that don't include drinking or smoking and
homeowners owing a dog. Make sure that you mention any
of the above factors, as the insurer will likely quote a
lower premium based on your lifestyle. Also, be sure to
let an insurer know about any precautions you have taken
on your own to reduce the risk of damage or home
invasion. For example, if you have a safe for your
valuable jewelry, this could help to reduce your
premium.
By simply going to a price comparison homeowner
insurance website, you could very well receive a
discount, and if you are a new customer, many insurers
will offer a 'new customer' discount just for signing on
with their company.
Save Money By Only Paying For What You Need
Make sure you have accurate figures for your building
and contents insurance. If you don't you could be under
or over insured, and that could hurt you either way.
Building insurance will cover what it would cost to
rebuild your home, not what the market value of your
home is. To find out what the rebuilding cost of your
home is, check the property deed or mortgage agreement.
There are also policies that offer a high standard or
unlimited building sum, which means you don't have to
worry about the amount it would cost to rebuild or
repair.
As noted, contents insurance will cover anything in your
home that can be moved with you. You should have a list
of everything in your home and its value. By doing this,
you will have a pretty good idea of what you will need
in terms of contents cover. Make sure your list includes
the cost of replacing everything that can move with you,
including things like clothing, CDs and videos.
Finally, you might consider looking on price comparison
homeowners insurance websites for separate buildings and
contents insurance policies. You might find that one
insurer has better standard cover for buildings, while
another offers more discounts when it comes to contents.
There is no rule that says you can't shop for either
component and buy from two different insurers.
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