Buying Home Insurance

The amount you are asked to pay when you ask for a quote for home insurance is determined by how big a risk the company think you are. In giving you a quote they take into account many things, such as how secure your property is, the area in which you live and the cost of the possessions that they would have to pay to replace if some mishap occurred. However there are ways in which you can help to lower the premium quoted with the biggest being shopping around either yourself or with a broker’s help, for a policy.

When looking for insurance make sure that you use a broker since they can get at least four or five quotes from different companies as policies and premiums do vary from company to company. All policies are different and will have exclusions within them, so it is essential that you understand what you are and are not covered for.

Where you live will affect the price that you have to pay for your insurance, while you cannot change your address there are some things you can do to help lower the cost of your insurance. Installing more security is one of the best ways you can reduce the premium, insurance companies will list certain brands of alarms for instance which are considered the best and by having these you can cut the cost of your premium. 
 
If you are thinking of making any big home improvements such as adding a conservatory then take this into account, the more value that you add onto the property then the higher the premium will be. Also take into account any patio furniture or garden equipment which is kept outside, some policies will include this in their policy while others insist that you take an addition to the policy in order to cover them.

If you have items in your home which are of particular value then make a note of these, any items which are classed as antique or say any collections such as records or art, might not be included in your policy unless you have particularly stated these at the out set of the policy. 

Also check if computer equipment is covered in the policy, if you have more than one home computer then they might need adding to the policy as extras, some policies say that computer equipment such as printers and scanners are classed as commercial or business equipment and as such are not covered by the standard policy.