Discover Different Options on your Home Insurance


home insuranceWhen you’re looking at home insurance quotes, there are different optional extra features that you can include in the cover. Although this will increase the price of the premiums over the year, these offer different potential benefits and are worth considering for a small extra cost per month.

Generally, the optional extras are peace of mind features, and the main ones available for contents insurance are home emergency cover, personal possessions cover and accidental damage cover.

  • Home emergency cover is for those unexpected problems in the home such as a boiler breaking down or a hot water tank flooding. These are things you can’t prepare for, but that need fixing immediately when they happen. The extra cover will mean that a tradesman is sent out by your insurer
    to carry out repairs in a short time frame and that the cost of  labor  and parts will be covered up to a ceiling amount. Although you may not need to use the home emergency cover it can be reassuring to know that you have it in place.
  • Accidental damage cover is to insure against damage caused by the policy holder or their family. It’s for those unexpected spills, like a cup of coffee over the computer keyboard or a glass of red wine on a cream sofa. It’s also for things like your toddler pushing the TV off its stand or a family heirloom off the mantelpiece. It depends on how accident-prone your household is whether you’ll think this is a useful addition to your home contents policy.
  • One thing that some people aren’t aware of until it’s too late is that contents insurance only covers your possessions while they are in your home, not when you’re out and about. The way around this is to take out personal possessions cover which means that whatever you take with you will be insured. This is really useful if you take valuable items like a laptop or video camera out with you regularly. You need to decide whether this is worth getting. Bear in mind that you will still have to pay an excess before any claim.

Whatever level of contents home insurance you are looking for, you should get a number of quotes to make sure you are getting the best deal. If you are a member of a trade union like Unison, you will find that some insurers offer preferential rates for trade union members. Make sure you check with each company that you get a quote from as this could make a significant difference to the cost of your premiums.

If you’re looking for the cheapest cover available, it’s probably best to take off any extra features like home emergency cover, but it’s worth thinking it through as the small amount of extra premium costs could pay for themselves many times over if you ever needed to use the additional feature on your policy. If the pipes burst and you  didn’t have to pay for the clean-up, you’d be very glad you had home emergency cover!

photo by ell brown

Written by Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER
and FACEBOOK
. Happy investing 🙂

Jon the Saver

This post was written by yours truly, Jon Elder. My mission is to help you succeed in your personal finance life. Join me on the journey to financial freedom! You can subscribe through RSS FEED or EMAIL updates. You can also find me on TWITTER and FACEBOOK . Happy investing 🙂

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