If you like to cut costs where you can, it’s worth reviewing your home insurance contract and making sure you’re not paying for optional extras that you might neither want or need on the policy.
When you get a home insurance quote, some insurers will automatically include these features and it’s only really down to you checking the details in order to discover if there are any items that you are paying extra to have but that you don’t actually need.
By using a website like igo4 insurance it’s easier to build up a customised quote with certain features included or excluded so all the quotes that come through in a search will offer the same amount and type of cover.
Home emergency cover
This is where you pay a little extra on the premiums each month to cover you for those home emergencies we all dread happening. A good example is a burst pipe and the subsequent water damage or a boiler breakdown. Home emergency cover will get you a tradesman out to assess and repair the problem within a short time frame and will cover the repair and replacement part costs up to a certain amount. It’s a good safety net to have in place, but you will pay extra each month for the privilege.
Accidental damage
This is one for your contents’ insurance. If you have clumsy people in your house or very young and inquisitive kids, this could be worth paying extra for. Accidental damage on your policy covers things like coffee being spilt on a white rug, or jam sandwiches being forced into the dvd player – things you and your family might do, not out of malice but just by accident. If you’re a family that rarely have mishaps, you may want to save on the annual premium cost and leave accidental damage out.
Personal possessions
You may not be aware that any items that leave the house with you will not be covered by home insurance unless you have personal possessions cover added to your policy. So, if you lose your phone, or your iPad is stolen away from the home, you won’t be covered. However, to include personal possessions cover can add a significant amount to your annual bill, so check how much and decide if you’d rather take the risk and look after your things while you’re out and about.
All the optional extras on home insurance have their merits and offer potential benefits. You just need to make a judgement call and decide if they’re worth the increase on the premiums.
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