Email to a friend

Do you know the value of the contents in your home?

Whilst many people shop around for cheaper car insurance when it comes up for renewal, they tend to be more apathetic when it comes to insuring their most valuable asset, their home. Failure to check out the market for a better home insurance dealjust ends up boosting the coffers of the home insurance company. However, more importantly, if your contents are under-insured, you could find yourself severely out of pocket should you need to make a home insurance claim.

Many people never think to review their home insurance cover and in some cases this could mean they are grossly under-insured. Each year, whilst many of us splash out on the latest expensive electrical gadgets, we never think to recalculate our level of home insurance cover in line with the new contents we buy.

Article continues below

It may be worth creating a list of your contents and reviewing it once a year. Making a list may seem a bit sad and too much bother, but it’s better than finding out the hard way. Imagine if your belongings were destroyed by flooding or a fire, the situation would be stressful enough, without the added worry that you wouldn’t receive sufficient money to replace them due to being under-insured.

So why not shop around for a better deal for your home insurance. Check that your contents cover is sufficient to include all your contents, including that shiny new plasma TV whilst you’re at it.

Increasing your voluntary excess, buying building and contents cover together and installing security devices such as burglar alarms, all help reduce your premium. Also you’ll find that some providers offer an introductory discount.

With Moneyfacts.co.uk now comparing the market, you don’t need to waste hours phoning round for quotes to find the cheapest deal.

Switch today and with the savings you make, you could put the money towards the next must-have gadget that will no doubt hit the shelves in the near future!

Compare Home Insurance