Your home is one of the biggest investments that you will make in your life and so it is crucial that you have a comprehensive home insurance policy in place. If you don’t, you could end up being underinsured, which means any claim that you make may not cover the full cost of any damage that has occurred. Here are 8 ways to save money on your home insurance.
#1 Get the right locks for your doors
You need to ensure that you have the right locks for your home so that it remains secure. Locksmiths are able to offer a professional opinion on which type of locks are suitable for your property. Wooden front doors ideally need to have a five-lever mortice deadlock installed whilst three-point multi-locking systems can be fitted to UPVC doors.
#2 Install smoke alarms in your home
Faulty electrics, candles, cigarettes and overloaded extension leads can lead to fires in the home. Make sure that you install smoke alarms on each level or floor of your property and check them regularly to ensure that they are still working.
#3 Insulate pipes against cold weather
Burst water pipes are one of the most common home insurance claims that homeowners tend to make. Avoid frozen pipes by ensuring that they are properly insulated. Keep the heating on low during freezing temperatures to help keep your pipes from freezing.
#4 Try not to make an insurance claim
If you don’t make a claim for a long time, you can sometimes earn a discount on your premiums. So think about it before making an insurance claim, if it’s just a minor issue then it might be better to sort out the problem yourself and protect your no claims discount.
#5 Increasing your excess is a common way
One of the most common ways to reduce the cost of your home insurance is to increase the amount of voluntary excess that you choose to pay. The higher the excess, the lower your premiums will usually be.
#6 Consider installing a home security system
Installing CCTV or a home security system may help to reduce the cost of your home insurance premiums quite significantly. There are many types of home security systems available to purchase nowadays and most insurers will look favourably at homeowners who invest in these types of deterrents.
#7 Combine your buildings and contents insurance
If you need to purchase both buildings and contents insurance, it usually works out cheaper to buy them together on a combined policy. By combining your buildings and contents insurance cover, you can often negotiate a cheaper price than when purchasing them separately.
#8 Shop around for the best insurance deals
You can buy home insurance from many providers, not just banks and mortgage providers. Insurers that specialise in home insurance will be able to provide comprehensive policies at a low cost. No matter where you decide to purchase your insurance from, shopping around to find the best deals is a no-brainer. An insurance broker can help guide you through the process of purchasing all the right insurance coverage that you need, helping you to save money.
Ashburnham Insurance provides flexible and comprehensive home insurance. Compare quotes quickly and easily online or contact us on FREEPHONE 0800 1696137.