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How to find the best insurance policies for your household

Home insurance is an issue you can’t afford to neglect. It can be impossible to predict if and when disaster will strike your property and so it is prudent to be protected at all times just in case. After all, if you are affected by a fire, flood, burglary or other problem and you don’t have suitable cover in place, your personal finances could be decimated. Also, if you own your home, you will be required by your mortgage provider to have appropriate buildings insurance.

Luckily, it’s now possible to take advantage of competitive deals. Insurance specialists like Mastercover can help you to access policies that are tailored to your precise needs and that fall within your budget. To help ensure you’re in the know when it comes to finding suitable cover for your household, take a look at the following guide.

Cut costs

You might assume that you have little or no control over the amount you have to pay to insure your home. However, this isn’t the case. In fact, you can take relatively simple measures to lower your premiums. For example, by increasing security at your property, you can get access to cheaper deals. Joining your local Neighbourhood Watch scheme could help and it’s also a good idea to install security lights and alarms. You should make sure you have effective locks installed on your outside doors and windows too. Smoke alarms can also help to cut your premiums. Approved models may lower your premiums by up to 7.5 per cent.

Another way in which you can lower costs is to increase your voluntary excess. If you’re prepared to pay more in the event that you need to make a claim, this can be an effective way to bring down your monthly repayments.

Opting to pay for your insurance annually rather than monthly can make things a little cheaper too. This can reduce your charges by as much as six per cent. Building up your no claims discount will also help.

Perhaps most importantly when you’re searching for the perfect deal, remember to shop around. Spending a little more time on seeking out the best offer could save you a lot of money. Even if you’re busy, try to free up some space in your schedule to scour the market. Look out for special deals too.

Always be honest

There are certain things that you can’t change when you’re looking for a great offer. For example, your postcode will always have a bearing on your premiums. However, don’t be tempted to bend the truth when you’re dealing with insurers. Any savings you make as a result of dishonesty could cost you dearly in the event that you need to make a claim. Insurers do not have to pay out if you have supplied them with false information.

Read the small print

Another precious piece of advice is to always read the small print before agreeing to any deal. It is not only the headline rate that you need to pay attention to. For example, never assume you will be covered for accidental damage. Fewer than one in five home cover policies automatically incorporate this feature.

In addition, make sure you check the excess. Two in five policies have a minimum excess of £100 or more. You should be fully aware of the sum you’ll be expected to pay if you need to make a claim.

Well worth the effort

It can take a little time and effort to find the perfect home insurance policies for your household. However, it’s well worth it. By getting the right deal for you, you stand to save yourself a tidy sum.

 

 

 

 

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