Not quite sure what to expect when buying your home insurance policy? It just so happens that price isn’t the only factor to consider. What’s important to keep in mind is that each home policy can be tailor-made to your specific requirements. With that being said, here are 5 things you need to know about home insurance.
1. Protect yourself
If you’re a homeowner, then it’s more than likely that you will need home insurance to give you some financial protection in case something goes wrong. Whether it’s a fire or high winds, the outcome can be terrible, and so it’s imperative to have yourself covered under such circumstances.
2. Accidents do happen
You will find that most home insurance policies will cover some amount of accidental damage to buildings. For instance, what if someone were to accidentally crash a car into your home? Under a basic policy, something like this would normally be covered. However if that isn’t enough, you can always pay an additional premium to have a greater level of coverage.
3. Value your home contents
One key point take away with you is to never underestimate the value of your home contents, especially if you’re looking to extend your cover on them. The best way to go about this is by making an inventory checklist for each room in your home, and make your calculations on that basis. This concept should apply even more so when taking into account the more valuable items of your home, such as any expensive watches or jewellery and whatnot. After all, in case of any accidents, the last thing you want is to be reimbursed for a value less than you deserve.
4. Excess: How high should it be?
Generally speaking, having a higher excess on your home insurance can cut a significant chunk off from your premium. This is especially useful if you don’t need to claim for low amounts, as doing so would defeat pretty much defeat the purpose. Luckily for you, we will ensure that you find the perfect balance of excess versus annual premium to better suit your needs.
5. Alternative Accommodation
Most insurance companies will offer alternative accommodation in case your home because unliveable after sustaining a certain amount of damage. Notwithstanding this, it’s worth checking to see if your insurer will cover you on this or not, especially since you’ll never know when you truly need it until you do.
Now that you know what to look out for with home insurance, let's find a tailor-made home cover to better suit your requirements. Get a Home Insurance Quote now!