Looking for home insurance quotes to cover your property is easy the easy part. The comparisons are there for all to see and cover the most common occurrences in a typical home. When you carry on a business from your home, however, you will find that your insurance cover will be different and will need to be extended to include specific commercial requirements. A home business is difficult to get going. In these days of high unemployment, you may have decided to start your own small company in order to earn a living right from your own home. That is admirable and hopefully you could do quite well for yourself. However, you will need extra insurance so that all of your hard work is not threatened if there is an accident on your property or disaster strikes. Home insurance quotes should include cover for your business equipment, usually to a value of around £5,000. You might be lucky enough to find a home insurance policy that will automatically provide cover for a home office and equipment to that value. If you have much less than that, your standard home insurance may be adequate. If you employ staff to help in your business, you may need to have additional specialist insurance that covers employees, in addition to yourself. Simply by owning a business you are more likely to be the victim of a lawsuit if something should go wrong. Your office equipment may be worth more than the basic policy allows, too, so speak to insurance companies to find out exactly what you need to be completely protected.
Many people buy home insurance and contents insurance, but some are unaware that contents insurance only covers your items when they’re inside your home. Should you take those items outside the home, optional personal belongings insurance is usually required to protect those portable—and valuable—items. A common example is a musical instrument or a laptop computer.Items that are portable are, of course, in a higher risk category than those that stay safely protected behind the locked doors of your home. It can also cover things like your jewellery, mobile phones, camera and spectacles. Sometimes even items that don’t leave your home, but which have a value over a certain threshold, will still be required to be listed separately.In most instances a personal belongings policy is a minor additional charge that can give you great peace of mind for the things you use every day but would be a great inconvenience if they were lost or stolen. Do remember that your personal belongings insurance may also have a separate excess, or amount you are required to pay yourself. Policies are available with zero excess, but you may find a policy for a much lower price with an excess of £50, £100 or more. If you are able to cover that part of the loss, your premium reduction will likely be worth it.You’ll want to purchase the personal belongings insurance from the same provider as your home insurance so that your belongings are covered both inside your home and away from it.
Lowering your home insurance premiums or your home content insurance is easy to do with a few tips. Take into consideration the level of coverage you should have. Insuring items for more than they’re worth will not get you additional cash in the event you make a claim. Claims are settled by current market replacement value, not what you think it’s worth. The same goes for your home. One common mistake many people make is insuring their home for current market value. Instead, you need to insure your home for its rebuild value in the event is gets wiped out due to fire or some other unforeseen act. Insuring your home for current market value means you will be including the cost of the land. If you were to rebuild your home, the land would already be there, so in essence, you’re over insured and paying unnecessarily high premiums.Instead, think of rebuilding cost as well as replacement cost for the items inside. Also take into consideration other potential costs such as architect’s fees or relocating fees. If your area gets damaged from a landslide, then you will not be able to rebuild in that neighbourhood either way, so adding in other factors will help provide a more true coverage for your needs. When getting a home insurance quote, be sure to get a rebuild value quote as well. A rebuild value can be accomplished in several ways; one of which is to commission your own survey. These can be expensive, but could also be worth the cost in the long run. Another is to ask your insurance company to provide a rough value.
Claiming on your house insurance policy inevitably involves costs, whether it is paying the policy excess or losing your no claims bonus. Even though your losses are covered, you will still incur expenses.With this year’s cold winter, burst pipes are proving to be a big problem for many homes and buildings insurance providers have noted an increase in claims for damage caused by frozen pipes. So what can you do to reduce the risk of water pipes freezing?In order to prevent your water pipes from bursting try to keep your central heating set at between 10°C and 20°C. Slowly warming pipes with a hairdryer can prevent pipes from bursting and it is also a good idea to insulate pipes and turn off the water supply at the stopcock. Turning off the water supply is especially important if you plan on leaving your home for a few days and you intend switching off the central heating.Despite all your best efforts the worst can still happen and if a pipe bursts you should turn off any heating, electricity or water supply that is affected. It is worth making sure your home contents are kept in a safe place, even if you have home contents insurance, so move your furniture and personal items out of damp rooms. When you are comparing house insurance quotes and house insurance policies you should make sure that the chosen policy includes adequate cover for damage caused by frozen pipes that burst.
When purchasing a new house insurance policy, there are a number of things that you need to avoid in order to ensure that you receive the cover you require to properly protect your home. It is vital that you do not opt for the first home insurance policy that you come across. Taking the time to compare policies will enable you to find one that is just right for you. Something else that you need to avoid when taking out home insurance is not reading the small print. It is vital that you read the terms and conditions of any home insurance policy to ensure that you receive the cover you expect. Reading the small print will give you an idea of what you will and will not be covered for as well as highlighting any restrictions that may apply. In order to get the most out of your home insurance policy, you should take care to provide accurate information. It is vital that you include details of all the items in your home and whether you require cover on more than one property. You will also need to provide information on anyone living with you, as there may be some restrictions, particularly if you, your partner or anyone else that you are living with has a criminal record. There may be specialist insurance policies available that will suit your current situation, so be sure to shop around in order to obtain the most appropriate cover.
If someone told you that could save hundreds of pounds each year by taking out a few minutes to put some preventive measures in place, would you do it? Of course you would. Yet many of us do not think about such things when shopping around for household insurance. Instead, we focus on what we have to have by law (or by the bank’s requirements) and how quickly we can get through the process to move on to more important and enjoyable things. However, taking those few minutes can save a great deal of time, money and headache. Taking preventive measures is generally fairly easy and you will be glad you made the effort.Home insurance companies give you policies hoping you will never use them because that is how they make their money. Of course, you also hope you will never use your policy because it means there has been some kind of tragedy or at least an inconvenience that has caused damage to your home and contents.However, taking these few steps can save money through lower premiums because it reduces the risk. Take precautions against fire by ensuring your smoke detectors and fire extinguishers are in proper working order. To reduce the risk of theft, use a security system and do not leave valuables out for everyone to see. It also helps to keep trees and shrubs away from windows as they provide cover for potential burglars. Last but not least, the fewer claims you file means that you pay less in premiums each year.
When looking for house insurance quotes there are several ways to set about it. Most insurance companies will have a call centre that you can contact for a quote, but the downside of this is that they can only give house insurance quotes for their own products. However, going direct to the company does have some advantages as often they can give discounts and incentives for you to sign up. There are several companies that act as insurance brokers and will search different insurance companies on your behalf to get you the best quote. This just takes a phone call to the broker or a visit to their website. However, some brokers do work on commission and may take a fee for recommending particular policies, so it is still worth shopping around. A third option is to use a price comparison website. The advantage of this is that it can show you at a glance different prices from different companies. There may also be discounts for signing up for a policy online. However, not all comparison websites show all insurance companies and there are several popular insurance companies that do not allow their products to be listed on comparison sites.Shopping around for house insurance quotes is essential. It does not matter if you have already had a cheap quote; there is always another one out there that can give you a better deal. Some policies come with gifts when you sign up, such as shopping vouchers or cash back deals, and it is worth taking these into consideration when you make your decision.
When searching for the best house insurance quotes, remember that the amount of cover you need will depend upon your particular circumstances. That being said, there are a few ways to cut costs without sacrificing cover:Shop AroundThere are four primary options when looking for building and contents insurance; home insurance brokers who work directly with a set group of insurers, direct insurers (no middle man), branded providers like supermarkets and retail chains, and full search providers who use your details to return a list of quotes for you to review.You may prefer to go with one option or a combination of all of them; but whatever you choose, it is important to read and review the policies presented before making a decision. Reduce Insurer RiskOne of the best ways to reduce homeowner insurance costs is to reduce the risk to the insurer. This can be accomplished several ways:• Taking security measures like fitting burglar alarms, installing security lighting, buying a safe for valuable items, etc.• Reducing fire risk by fitting and maintaining smoke alarms.• Increasing standard policy excess; willingness to pay more out of pocket in the event of a claim means your premiums are lower.• Establish a no claims record; the fewer your claims, the lower the premium.• Use common sense. Sometimes it makes more sense to pay for fairly inexpensive replacements and repairs than to claim on your insurance as doing so impacts on your no claims status.
It is important to insure your home on two levels, both the structure of the property itself, against fire and flood and the contents against theft and damage. You are obliged to take out buildings insurance when you take on a mortgage, but don’t necessarily have to accept the policy on offer. It pays to shop around for policies that suit you best.Buildings insurance may cover things like garden sheds and fitted kitchens as well as the house itself, so you need to check the small print carefully. Contents insurance, on the other hand, covers the movable contents in the home, such as jewellery and furniture, as well as electrical appliances, clothing and ornaments. There is usually a limit to the value of any one item, so if you have an original Picasso in the bedroom you should get it insured separately. Items that you take out of the home on a regular basis may also be covered, such as cameras and bicycles and the contents of your handbag.Indemnity contents insurance is the basic type, but if an item is lost or damaged it will only be replaced with one of approximately the same age. On the other hand, the more popular ‘new for old’ contents insurance replaces it with a completely new equivalent.Premiums can be reduced by combining contents insurance with buildings insurance and by accepting a higher level of excess, which is the amount you elect to pay out of any claim.
Subsidence is when the earth shifts downward, or subsides, taking whatever lies on top of it with it as it sinks. This is the opposite of uplift, typically seen after earthquakes when a portion of the earth rises in response to the quake. Subsidence can occur in areas where there has been extensive mining or natural gas activity, or where the topography is of karst geology. The more common reason, though, is via groundwater movement which takes small amounts of dirt and rock with it. Over time this can create ground slippage which leads to subsidence.Problems occur in our modern world when buildings are set atop an area liable to subsidence. If the earth’s surface sinks, even by a small amount, the foundation of the building can crack, tilt, or shift. In some cases this change is so large that the building becomes uninhabitable.Many home insurance policies protect owners against subsidence, but a few list that as an exclusion. You should be covered for subsidence in any policy, so be sure to read through the entire policy and ask questions if you still don’t know whether or not you are covered. If not specifically covered, you may need to purchase a rider or even a separate policy that specifically insures you against subsidence. While subsidence is rare, it has become more common as our inhabited areas have encroached on peat bogs, wetlands, and areas of fill. Subsidence, like earthquakes, is almost impossible to predict, so unless you have the cash available to completely replace your home and all contents, subsidence cover in your home insurance should be mandatory.