If you are looking for home insurance, have you ever considered buying a combined home insurance policy? This is where you buy both your buildings insurance and contents insurance in one package, often getting a discount for doing so, from the insurer.
Certainly, combined home insurance is any essential consideration for all homeowners as if the worst should happen and you have to totally rebuild your home or replace the contents it would be a total disaster if you were without adequate insurance cover. It goes without saying that it would be hard enough losing memories in your home, without facing the expense too.
So, what are the two elements to combined home insurance cover?
Home contents insurance cover will help to recoup the costs of replacing lost or damaged belongings within the home as well as furnishings. This includes things like pictures, cooking utensils, clothing and CDs.
The structure of your home, plus walls, and often sheds and greenhouses too, are covered by buildings insurance cover. This will include fixtures and fittings such as fitted wardrobes and bathrooms.
Both these elements of home insurance cover gives you the peace of mind that you would at least not have to face financial distress when finding repair costs or replacing items. Losing your belongings or, even worse, the actual roof over your head, would mean you would have to start from scratch again and without cover you would be under severe financial pressure.
So, what do you need to consider when taking out a combined home insurance policy?
Look at things such as any excesses you would need to pay on in the event of a claim. By offering to pay more on the excess, more you can make savings on the cost of taking out cover.
Security measures can help you to shave a little off the amount you have to pay for your policy. For example, some insurance cover companies will supply a list of recommended locks for windows and doors, along with burglar alarms and by installing these you could make savings on the cost of your protection.
Do make sure that you do not underinsure when taking out contents insurance cover as the part of the cost of the premium is based on this figure. Take an inventory when deciding how much insurance cover you need for your contents, including absolutely everything. You may well be surprised how much they all add up in value to.
Finally, however boring the small print is you do have to read it if you are to be sure of what the cover entails. As an example, valuable jewellery, home office equipment and items over so much are probably not included as standard, so you would need to pay an additional premium in order to protect these.
Always check out the different options offered by providers for taking out combined home insurance. Buying the two policies separately can often cost you more, so do your homework and find out where and how you can get the best deal.
David Thomson is Chief Executive of BestDealInsurance (http://www.bestdealinsurance.co.uk) an independent specialist broker dedicated to providing their clients with the best deal on their home, motor and life insurance.
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