home insurance companies
It is impossible to stay at home all day, every day. Since we pursue different economic activities, we all leave our houses at one time or another. Sometimes we go out for pleasure and not necessarily for business. But in our homes there are valuable things and thieves can break in and make away with items we have worked so hard to acquire. To help in the event that such unfortunate incidences happen, it is important to get home insurance. Many home insurance companies offer cover for among many other things theft and burglary.
There are two major types of policy covers offered by most home insurance companies in the UK. The first type is the one we have used in the opening paragraph above, and it is intended to cover the contents of a home. The second type is the buildings policy. There is also a third type, which though not very common, is equally important. This is the accidental damage cover. In addition to these three, there are smaller versions or what we can call additional benefits that may be associated with policy covers from the many house insurance companies.
Some people leave in rented apartments and may not be interested in paying home insurance companies to cover the building. These is the group that the content policy targets. In this case it makes sense to insure only personal possessions and all movable property since the fixed property may be already insured by the landlord.
Anyone who takes a buildings policy has the contents automatically covered. However, some home insurance companies place a limit on the maximum amount that is insured for the contents. What you need to do if the household insurance companies are doing it this way is to determine the value of the items in your home and compare this with what the company is offering. The difference should guide you on whether or not to take an additional cover for contents. Talk to your agent and see, some companies will give you lower premium rates for clients with building covers who take on additionally content cover.
House insurance companies have also moved their services online. One can apply to buy for insurance via the company’s official website and obtain heavy discounts on the premiums in the process too. There is also the no claims discount. This means that if over a certain pre-agreed period you don’t file any claims then subsequent premiums are discounted. The online discounts can be as high as 30% off, but the insured amount still remains intact. This is to say that the cost of insurance gets cheaper if it is proven that you are a low risk customer.
Competition is also high among house insurance companies. Each will try to entice you to switch from the other buildings and contents insurance companies with various goodies. With some, you may be offered a cash rebate. But the best thing is that there is a high discount if you buy your home insurance online rather than via the telephone. A 35% discount for just logging onto their website and keying in the details is not bad at all.
But with all this competition, how do you know if you are getting the best deal? There are various buildings and contents insurance companies that offer comparison services. Through them you get to compare and contrast between the various household insurance companies and their policies.
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