When considering most types of insurance policies, it can be easy to see if and why you need them.
You insure your car because the law says you have to. You insure your home contents because if you were burgled it would cost far more to replace everything than you would pay in insurance premiums.
It is usually pretty simple to figure out how much you want to insure these things for and for what length of time. When it comes to life insurance however, things are different.
Do you have ceramic hobs (in fixed appliances), sanitary ware and fixed glass in your home? Learn how to take care of them and make sure they’re covered by home insurance.
When people think about taking out contents insurance, it’s mainly for the things they value most. After all, they want to protect their jewellery, electrical items and, of course, all 236 episodes in their Friends DVD box set.
Joking aside, if you’ve been looking into buildings insurance quotes, it’s a good idea to make sure you cover the things you might otherwise take for granted – such as the ceramic hobs on your cooker, and even your bathroom sink. If they accidentally get broken or damaged, they can be expensive to fix or replace.
Home insurance is a necessity for home owners across the US and Canada. You cannot risk having an accident or burglary and not having the means to cover it. Repairs are expensive and the cost of replacing damaged or stolen goods may run into the thousands of dollars. Heirlooms may be irreplaceable. It is far easier to avoid that stress and insure your home. In these tough times, saving money on your essentials is something you should not be afraid of doing, even on things like insurance, which a lot of people just don’t bother touching. We will look at different ways of saving money on your home insurance in this article.
Examine Your Deductible
This is one of the simplest ways to save money. A deductible is how much you have to pay towards damage, theft, etc. to your home. Your insurer will cover the rest. Say you have an accident which causes $10,000 worth of damage and you have a deductible of $3,000. You will pay the $3,000 and your insurer will pay the remaining $7,000. Increasing your deductible will reduce your monthly premiums. Remember to only increase it to something you can afford. Don’t put your finances under pressure.