Buying home insurance is something you should never take a risk with – while the policies are relatively cheap to maintain, the wrong cover could leave you seriously out of pocket. And, as you’ll know if you’ve ever known someone who’s had a break-in, fire, or another home disaster, the financial support of your insurance is vital in such a difficult time.
So, how do you go about finding home insurance that provides you with all the necessary cover and is also the best deal? Simply put, by using an insurance broker. Here are 5 steps you can take to ensure you get all the cover you need at a price you love:
Step 1: Make a List
The first thing you should do, even before you look at insurers, is make a list of all the major items you need to insure. You need to know how much it would cost to replace each item should you need to make a claim as a result of theft or damage. You should pay special attention to items like jewellery, electronics, antiques, and anything else that has value to you (Here’s an article that will help you make your list).
By having this list ready to go, you’ll be able to talk through the different aspects of your policy, and your insurance broker will be able to tell you if a standard home insurance would be inadequate for a particular item.
Step 2: Compare Policies
Now you can start the process of searching for the right policy. Most of us are only going to consider two ways of doing this: online or on the phone. While online comparison sites are often fine for a new car insurance policy, they need to be avoided when buying home insurance. Besides the fact that you often get overloaded with phone calls within five minutes of entering your phone number, you aren’t likely to get adequate coverage.
This article posted by Which? Money in December 2019 explains that comparison sites often ask a lot of questions when you are looking at home insurance policies but not often the right ones. Your best option is to call a broker so you can take your time, and they often have policies that will be better suited to you but aren’t easily accessible by the public.
Step 3: Choose a Policy that Suits You
Your broker will guide you through your options and will ensure that you choose a policy that emphasises what is most important to you without breaking the bank.
Step 4: Double Check
Once you have chosen a potential home insurance policy, the next step is to double check that it covers exactly what you need it to. If you are on the phone with an insurance broker this is simple, as they will be able to run through it with you and clarify anything if you need them to so that you can be sure you will get exactly what you need from a home insurance policy. If, however, you decided to find a policy online it is vital that you carefully read through the fine print on your potential home insurance policy in detail.
Step 5: Confirm and Purchase
Now that you know you have found the best home insurance policy for you, you can move ahead with your purchase. When you use an insurance broker, they will be happy to talk to you for as long as you need, regarding any questions or concerns you have regarding your new home insurance policy so that you can make the purchase, worry-free.
The safest way to buy your new home insurance policy is by using an impartial insurance broker who will be able to find you the best deal without applying any pressure to get more than you need. If you are looking for home insurance, we’d love to help you find the cover you need. To find out more about how we can help, click here.