HOME INSURANCE GUIDE

Your house and what you put inside it is probably one of the most expensive investments that you will ever make. Home insurance can ensure that your home and the assets within it are protected from theft or damage caused by fire, flood, falling trees, vandalism and other unexpected causes. There are several different types of home insurance:

• Comprehensive Car Insurance: This kind of home insurance covers the actual bricks and mortar of your house from theft or damage. It also includes permanent fixtures such as sinks, fitted cupboards and the fence surrounding your house.

• Household Contents Insurance: This is home insurance that covers the valuable goods inside your house such as your TV, microwave, paintings, clothing, jewellery and non-permanent fixtures like carpets and curtains against theft or damage.

• Personal Possessions Insurance: This kind of home insurance covers items you take out of the house with you, such as cameras, laptops, jewellery and clothing. These items can be either specified individually or covered under one specified amount.

When choosing home insurance, there are a few things that you should remember:

1. Shop Around

When buying home insurance, it’s always a good idea to shop around for a deal that will give you the most comprehensive cover at a reasonable rate. It may be cheaper, for example, to take out home and contents insurance from the same insurer. In other cases, it may be cheaper to take out home insurance and contents insurance policies separately from different insurers.

2. Safety should come first

Your home insurance premium will be determined by a variety of factors. For example, the safer and the harder your home is to break into, the more affordable your premium is likely to be. For this reason, ensure that your door and windows are secure. Extra measures like having an alarm and living in a neighbourhood that is regarded safe will also help further bring down your home insurance premium.

3. Keep your home contents record up to date

Ensure that the amount your valuables are insured for is kept up to date with your home insurer. Let your insurer know if you buy a new expensive item so it can be included in your home insurance cover and your insurer will pay for it should something happen to it.

Want to know more? Read our home insurance reviews written by ThinkMoney customers. Ready to get started? Applying for a home insurance quote with ThinkMoney is free, simple, hassle free and will save you up to 30% on your current premiums.