How to cut the cost of your home insurance

If you are worried about future Home Insurance rises, here are a few tips which may help reduce your premiums.

Tip 1: Preparation – secure your home

Before renewing or buying home insurance ensure your home is, quite literally, safe and sound. Do this and you’ll arm yourself with ample evidence to persuade potential insurers you are a good bet.

If you have moved into a new home, change the locks because previous owners may have given copies of the keys to friends or family.

Fitting an alarm will also make you poular with insurers. You'll find some insurers may prefer specific alarm systems such as NACOSS standard alarm, which can cut premiums by up to 7.5 per cent with some policies. 

It's not just about warding off thieves which will help reduce your premium. Limiting the chance of problems before they happen will mean toy are less likely to make a claim and this will help reduce premiums in the future.

Make sure pipes are insulated. If that’s not possible, try to run the heating during cold spells for a short time (at least) every day to prevent frozen pipes.

It’s also worth checking for subsidence – something which ideally should be done when you purchase a property.

Moneysupermarket said you should continue to look out for this as it’s one of the most common problems to affect the home, and is usually covered by buildings insurance.

Fitting smoke alarms and following fire prevention advice is a must. Most insurers will now ask if you are a smoker as lit cigarettes are a potential hazard.

Tip 2: Switch to a new insurer

There are lots of statistics out there which illustrate the huge savings which can be made by simply moving your home insurance to a new insurer.

Make sure you find out what your current insurer is offering you to renew first. This will give you a figure on which to base your comparisons. 

Have expensive new technology or jewellery items received as Christmas or birthday gifts been added to the policy for example? Undervaluing the contents of your home could end up costing hundreds of pounds in the event the property was burgled or badly damaged by flooding or fire.

Tip 3: Consider combining your buildings and contents insurance

Some insurers will offer you a discount - often as big as 20 per cent or 25 per cent - for taking out both your buildings and contents insurance with them at the same time. 

Not only will this save you money, but it will also save on paperwork, admin and time. 

Before going ahead with this, however, make sure the saving you are getting for this combined insurance deal is bigger than any savings you might get buying contents and buildings cover separately elsewhere.

The AA’s most recent Shoparound index for home insurance premiums found while home insurance premiums had fallen by 1.1 per cent over the second quarter of 2011, combined buildings and contents policies had risen by 1.5 per cent.

Article taken from myfinances.co.uk by Kate Saines

Luxury Insurance To Secure Your Life’s Irreplaceable Treasures

Luxury insurance insures the finer things in your life. Insure your company, art collection, your favorite pets, your travel plans, plane, yacht, car or house.

Home insurance will cover your main residence as well as vacation houses with equal aplomb, whether your house is domestically or internationally located. Include contents within the policy for all around insurance coverage. Your house will probably be covered for destruction because of fire, flood or weather events as well as vandalism. Coverage is subject to the underwriter’s acceptance of your application under their terms and conditions and set premium cost.

Regardless of what you drive, you’ll have to insure it. Insurance will cover any damage sustained due to an accident, theft, fore and vandalism. It’s always wise to have personal liability insurance within the event of injury of a passenger or to other people involved in an accident due to your negligence. With luxury auto insurance, all it will take is one call and your individual insurance management team will take care of the rest.
It doesn’t matter if it is a yacht at the marina or a ship in a bottle, insurance to cover your seafaring or sea fearing vessel is really a must. Insurance will safeguard your investment in case of wreckage, sinkage, fire, vandalism or theft. Your luxury insurance agent has access to a network of marine insurance companies which will have just the proper plan for you and your boat, no matter the size.

In the event you rather own your own aircraft than lease it, airplane insurance is really a necessity. Do not even think of taking off or even taxiing down the runway with out total airplane coverage. It does not matter the size, the capacity or the age of the aircraft. If it flies, it needs to be insured. Aircraft insurance is available through the majority of commercial insurance agents and your luxury insurance search team will find just the right policy for you and your plane.

The last thing you would like to consider while enjoying vacation is all of the issues that could to disrupt your vacation. Put your mind at ease with vacation insurance. Tailored to fit your vacation, you’ll not be over or under insured. Your travel insurance agent will explain what insurance coverage you need for the activities that will be included. A vacation relaxing on the beach will not require the same coverage as the action packed, adventurous vacation spent skiing the Matterhorn, skydiving or climbing Mount Kilimanjaro.

Even pets need insurance. Pets quickly turn out to be ingrained within the family members as pet owners know and it is up to the owners to take care of the pets like they had been our own kids, we all want the best for our pets and insuring the critters of our lives, will permit them the care they deserve. Your luxury insurance agent will find just the proper insurance coverage for you and your pet.

Taking inventory of your art collection you might find a masterpiece or two. If some thing had been to occur to them, you might be out a boat load of money. Just to be sure have your art collection appraised and insured for is full value. You will have peace of mind more than anything else.

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