It is important that homeowners have a robust home insurance policy in place in case something was to happen to their property that meant it needed repair or even uninhabitable. It is also a requirement with some mortgage providers that home insurance is in place before they agree to lend to you. Depending on the level of cover it is you are looking, the cost can be higher. There are ways to reduce this cost quite easily by changing the policy terms in respect to what is covered Below, we are going to offer some tips to help you with this.
In a normal household there will be dozens of electrical items including TVs, computers, electric fires and table lamps. All of these electrical items pose a specific risk. This is not about the item failing but more around the risk of it being faulty and potentially blowing up. In these instances, this could actually cause a fire in your home and ultimately destroy your property. Portable Appliance Testing (PAT Testing) is something that a professional company or person can do in order to check your electrical appliances, ensure they operate as they should and that they are not in danger of blowing up. When they do this, they will place a compliance sticker on the item to show it has been tested but also keep a register. This is a pretty simple way to help prevent fire and some insurance companies will take this into account when quoting you for a policy.
Improve Home Security
How secure is your home? If you want to reduce the cost of your home insurance policy, you should think about some of the ways that you can make it more secure. This can include improving the locking system, installing CCTV cameras or introducing a barrier around the home. The more secure, your property is, the lower you can make your home insurance policy. Make sure to consider this carefully.
Complimenting the PAT testing, a fire risk assessment could be completed by a company like FireRiskManchester.co.uk. They will send a professional out to do an overview of the home and highlight any issues that need fixing. Although this is more commonplace in the commercial industry (and sometimes a requirement), it is something that insurance companies are aware of and would consider. It is important that not only the assessment is completed robustly but the recommendations and actions that come from that are followed through on or potentially you are being negligent.
Finally, if you want to lower your home insurance policy, you should consider shopping around. Insurance providers offer various prices and so you should never choose the same option. It might also be useful to get in touch with your car insurance provider who could offer you a bundle deal. This saves homeowners plenty of money and so it is something that you should consider.
Use these tips to lower your home insurance policy this year.