Home Insurance ? How To Keep The Cost Of Home Insurance Down

By Author: Deshawn Chillo
Total Articles: 8
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Home Insurance actually covers two separate insurance products: buildings insurance and contents insurance. Buildings insurance covers the physical property you live in, protecting against damage from events from vandalism to house fire. Contents insurance covers all of the moveable contents and valuables inside your home, so basically all of your household objects. There are several ways that you can keep the cost of home insurance down.

The key thing to remember is that all insurance policies are designed to protect against risk ? the risk of financial loss. If you can reduce the risk of loss or damage to your property, you can significantly reduce the cost of your insurance premium ? and this is not hard to do.

Neighbourhood watch schemes and home insurance companies can be a great source of advice on the measures that can help to make your property more secure

Ensure that every window in your house is fitted with a window lock. If you do not already have them fitted, it is also well worth upgrading your exterior door locks to level 5 mortise deadlocks (these will carry the British Standard coding ...
... BS3621) ? these locks commonly attract around a 10% discount from most home insurance companies.

Another discount of around 10% can be achieved by fitting a house alarm - ask around about this when you are looking at home insurance products. It is key to remember that the alarm should be fitted by a recognised alarm installer.

Further security measures like CCTV can also result in a discount. Consult one of the large home insurance companies like the Co-operative Insurance and they can tell you what sort of discount to expect for installing CCTV and other measures.

Most policies come with an excess of around ?50. You can reduce the price of your insurance premium by going for a home insurance policy with a higher excess. Essentially, you are then absorbing more of the risk, so you should not have to pay so much for your home insurance.

Try and ensure that you maintain a no claims bonus, as over the years this will mount up and make your home insurance premium considerably cheaper. You can either take out an insurance policy on your no claims bonus to protect it, or cover the cost minor damage/ small losses yourself to avoid losing your no claims bonus.

It is well worth looking for your home insurance online, as companies like Co-operative Insurance offer around a 10 - 15% discount for online applications. Remember, take time to shop around. Deshawn Chillo is a keen writer about car insurance and home insurance products.