Tips to Reduce the Cost of Your Home Insurance Premiums
As one of the biggest investments of your life, if not the biggest, your home needs protecting. Ensuring you get adequate cover on your home insurance, which covers you for both your buildings and your contents insurance, therefore cannot be avoided. The following tips are designed to help you get adequate cover whilst reducing the cost of your home insurance.
Locks on your windows and doors
The locks you have on your windows and doors make a difference to the cost of your home contents insurance as it directly impacts the how vulnerable you are to theft. The recommended locks are BS 3621 deadlocks.
Increase your excess level
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.
Become a member of 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
Installing a burglar alarm on your house will make it less attractive to thieves, which in turn reduces your risk and reduces your home contents insurance premiums. The best burglar alarm to fit is a NACOSS-approved alarm.
Minimise claims
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.
Install 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.
Locks on your windows and doors
The locks you have on your windows and doors make a difference to the cost of your home contents insurance as it directly impacts the how vulnerable you are to theft. The recommended locks are BS 3621 deadlocks.
Increase your excess level
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.
Become a member of 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
Installing a burglar alarm on your house will make it less attractive to thieves, which in turn reduces your risk and reduces your home contents insurance premiums. The best burglar alarm to fit is a NACOSS-approved alarm.
Minimise claims
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.
Install 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.
About the Author:
Philip Youngwood is a freelance writer with a strong interest in the importance of insurance, particularly home insurance.