When your home insurance policy comes up for renewal, it’s often tempting just to stay with your current provider, not least because it’s often quicker and easier to do that than spend hours checking comparison sites or ringing round insurance companies for a policy quotation.
However, many people have found that by staying put, their premiums have risen steadily over the years, and their policy no longer represents good value for money.
Why good advice pays
So, when it comes to your next renewal, don’t automatically renew your policy with your current insurer. If you’re keen to find a better deal, or need help deciding what level of cover is right for you, then your best course of action is to ask your adviser to find the most suitable deal for your needs and circumstances.
Advisers give impartial advice and know in detail what the policies offered by a whole range of insurers in the market place provide by way of cover. Enlisting their help will save you time, money and stress, and give you the peace of mind that you’re paying the right premium for the correct level of insurance. Advisers are expert in interpreting jargon and will be able to explain any technical terms or policy conditions you are unsure about. As they are normally paid a commission from the insurance provider, you won’t pay them a fee for finding the right policy.
Home Insurance cover in special circumstances
Your adviser’s help can be invaluable if your insurance needs are a little out of the ordinary. For instance, if you want cover for a home that isn’t of standard construction, a thatched cottage or a houseboat, they will know which company to go to. They can also help you find the right insurer for home contents such as valuable antiques or jewellery.
Your home or property may be repossessed if you do not keep up repayments on your mortgage.