Insurance

Insurance - All The Information You Need On Insurance

How To Reduce Home Insurance Premiums


Insurance

Here are some useful tips on how to reduce Home Insurance premiums.

Home insurance, also known as Household Insurance is a policy designed to cover your home and if applicable its contents against the possible risks.

With most aspects of household insurance, the premium is based upon factors over which you have no control. The location of the property, its age, the value of its contents are all fixed and there is little that you can do about it.

There are three factors, however, that can make a large difference to the insurance premium and that you can affect directly. The three factors are: the amount of the voluntary excess, the security features of your home and your claims history. Listed below is a breakdown of the three factors:

Voluntary Excess

If you make a claim the insurer will expect you to pay the first part of the claimed amount, this is known as the Excess. Because the insurer insists that this is paid for each and every claim it is known as the compulsory Excess.

Most insurers are happy to provide a discount on the insurance premium if you are prepared to pay a larger part of any claim in other words, accept a larger Excess. Because this decision is up to you it is known as the voluntary Excess. The amount of any discount will vary between insurers but is generally in the region of 5% to 15% depending upon how much you are prepared to accept.

Security

All insurers want to reduce the number of theft claims and one of the most effective ways of achieving this is for you to ensure that your home is properly secure. Because security is so effective at reducing theft most insurers are prepared to reward you with a reduction in premium.

The insurer will define the type of security that they require in order to qualify for a discount but for most companies there are three particular security measures which count; good quality locks on windows and doors, a professionally fitted and maintained burglar alarm and membership of an approved Neighbourhood watch scheme.

Unfortunately, some householders are already in a high risk area, for example many city centres, and the insurers may insist that certain securities are in place before offering cover. In these cases, of course, no security discount will be applicable.

Claims discount

Just as with Motor Insurance it is now common practice for insurers to reward those who have not made a claim in preceding years. The level of discount varies from one insurer to another however 5% to 20% is now common and the amount is increasing.

To ensure you are getting the best possible Home Insurance deal, shop around, evaluate and compare all the appropriate policies that provide the cover you require. Think about policies in terms of price, coverage, excess, flexibility and the reputation of the insurer.

You may freely reprint this article provided the author's biography remains intact:

About The Author

John Mussi is the founder of Direct Online Loans who help UK homeowners find the best available loans via the http://www.directonlineloans.co.uk website.







Car Insurance Rates   |   Dental Insurance   |   Health Insurance   |   Home Owner Insurance   |   Life Insurance Quote



| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 |











Life Insurance Providing Little Protection From Terrorism
Recent statements by the City of London Police Commissioner James Hart that future terrorist attacks in London's financial centre are, "a matter of when, rather than if", will increase already serious concerns over issues of personal and business financial protection.Mr Hart's statement pointed out that, "if you want to hurt the government, hurt people at the same time, and you want to cause maximum disruption...where better to hit than at the financial centre?"Mr Hart also echoed a report by the insurer Axa which warned that just under 50% of small firms do not have a plan in place to ensure that their business could survive should they be hit by an emergency or disaster. Axa highlighted that many businesses, especially in the South East danger zone, are not even covered against genera...(related: Insurance)


Cheap Car Insurance
Finding good car insurance can be very difficult. Here are a few tips:
  • Try a few different insurance companies. Companies are different. So are their prices. You may find that one company wants to charge you $1000/month for insurance and another will only charge you $400/month. You might be one of the lucky ones who only gets charged $30/month. Regardless of who you are, call multiple carriers even if the first quote you get appears to be low. You may find another company with a lower rate for you.
  • Talk to friends and family. Other people are just like you, they want cheap insurance too. Chances are, you know s...(related: Insurance)

    Accident Insurance Claim Personal Injury Insights
    There's nothing that has a greater impact on evaluating a personal injury insurance claim than the damage done to your body, the medical bills that are a...(related: Insurance)


    Buildings Insurance And The Threat Of Flood
    What is the impact of increased flooding risk in the UK? What happens if your home becomes effected by flood?Flood is an increased problem in the UK. Buildings insurance companies are concerned ...(related: Insurance)


    Independent Insurance Agents Unite! Insurance And Financial Discussion Forums Are All The Rage
    The online discussion forum has emerged as the medium of choice for many Americans. Most recently, forum platforms like vBulletin, Infopop, and Snitz have enabled the novice webmaster to host and moderate their own forum. One of the areas that needs this type of medium the most is the Insurance and Financial Industry.To give you a little background, the online discussion forum is an updated version of the old bulletin board of the nineties. Members can join, post, and browse topics at will. Free speech and a candid mood makes it all the more enjoyable. Some discussion forums even allow members to chat amongst themselves (is it a chick or a pea?) in private areas or send "PMs" (private messages) to each other if they do not want to share it among the other members of the forum. The thing ...(related: Insurance)


    Insurance Claim: Collecting Your Lost Wages
    A couple months ago you were toolin' on down the avenue, minding your own business, when out of nowhere, this fumbling, stumbling man by the name of Freddie Fuddle flew through a Stop Sign and plowed into you with a gigantic, rip-roaring, screeching broadside. You were wearing your seat belt but it was still a thundering crash that wrenched and whipped you around the inside of your motor vehicle something fierce!Now, after a long recovery period, Fuddle's carrier, Granite Mountain Ins...(related: Insurance)






    Google




    The Life Insurance Quote Business Is Booming, But Is The Insurance Quote Accurate?
    The life insurance quote business online is booming. Not only are life insurance agents quoting a more diverse portfolio of companies, but consumers are also now able to quote life insurance online for themselves. In this article, I will analyze the impact of the life insurance online quote on the insurance industry, the insurance broker, and the consumer looking for insurance.In the not so distant past, life insurance was sold, not bought. The typical agent would travel door to door, network locally, and perhaps meet with potential...(related: Insurance)

    10 Ways To Lower Your Auto Insurance
    Nowadays, auto insurance is really expensive. A typical insurance policy can cost a few hundred dollars to a few thousand dollars a year. And the insurance rates you pay are hugely dependent on the insurance company or agent, your age, your car type, your driving record, and even the area you reside...(related: Insurance)

    Term Life Insurance - Buy Term And Invest The Difference!
    The phrase "BUY TERM AND INVEST THE DIFFERENCE" evolves around the concept of term life policy which is a basic protection policy and the endowment/ whole life policy which has protection and investment/saving features. To put it simply, the phrase means that instead of taking up the endowment/whole life policy, an individual should buy a term policy for protection and the difference between the premiums of the two policies is to be invested by the indi...(related: Insurance)

    site-map - Copyright © 2006 Insurance | All Rights Reserved. | Insurance