Home Contents Insurance - Shopping Around For The Best Deal On Home Contents Insurance

Shopping around for home contents insurance

Shopping around is essential if you are to get the policy you want at a good price! There are many different companies offering insurance and this makes the insurance sector a highly competitive place.

Companies who sell insurance are keen for your business and will often try and entice you by offering Contents Insurance at a discount or even free when you buy their Home Insurance. It is worth considering keeping both policies with one company as it simplifies any claims in the event of a fire for example, there is no need to worry about contacting two different companies etc.

It is worth comparing policies and prices from...

High street lenders, such as banks and building societies

The Internet, it’s a great place to compare prices (create a link to preferred comparison site). Some of the larger companies offer a saving of around 15% if you buy online.

Yellow Pages have lists of insurance companies who offer instant quotes over the phone

Brokers, they will be able to advise you, but do ask if they are tied to a particular company and find out what their costs will be.

Supermarkets. Some of the larger supermarkets offer competitively priced insurance, pick up a leaflet in store.

Get at least three quotes but ensure that you are comparing like for like!

When you buy a new cinema system, or even a piece of jewellery? Don’t forget to update your contents insurance!

Key points to look for....

Make sure you know how much the policy covers

How much is the excess?

Do you get charged for paying monthly by direct debit?

Do you get discount if you have more than one policy with them?

Does the policy cover new for old or does it cover the items current value ( known as indemnity insurance )?

What are the procedures when making a claim?

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