Combined home insurance is where you buy both your home contents and your building insurance together in one insurance package. They both protect your home in a selection of ways and both should be considered essential.
What do they do?
A home contents insurance policy allows the homeowner to protect the belongings in the home from everything to CDs to clothing to furnishing and saucepans! This can be due to such as loss through fire, flood damage or theft as well as accidental damage (if you opt for this protection when you buy your cover.
A buildings insurance policy on the other hand would protect the outer shell of your home and the fixtures and fittings such as wardrobes and kitchen units, basically all the stuff that would not fall out of your property if you turned it upside down and gave it a good shake!
Having contents and buildings insurance means that you have peace of mind that if the worst should occur, you would at least not have to find the money yourself for replacement or repairs.
Both policies provide for you in the event of losing everything if your home burnt down, if your home was damaged to vandalism or say if your belongings got stolen in a break in.
Where to buy?
Check the cost of combined home insurance online to get among the best value cover. And, when looking for your insurance, do not forget to check what the policy entails as each will have a selection of exclusions; additional add ons (such as legal expenses cover); and different eventualities that could be covered.
Always compare policies on a like for like basis to ensure you get a true reflection of the cost.
Getting a good deal
Of course, none of us want to pay for more for our home insurance than we need to. Things like offering to a higher excess that the standard amount that the insurer asks for can help drive down the cost. And taking simple steps to beef up your security such as high fencing and walls on the outside and window locks, door locks and burglar alarms on the inside will means that your home will be more secure which could, in turn, help to lower how much you pay for cover.
Often, substantial savings can be made when buying a combined home insurance policy. If you look into taking both of the policies together with the same insurance provider, many will offer you a discount.
Complacency
Finally, do not be complacent it comes to your combined home insurance renewal time. Failing to shop around insurance companies year after year could mean that you are paying out too much in premiums. Never continually renew your policies with the same insurer year after year thinking that just because you found the cheapest insurance two years ago with them, then it will still be the cheapest now. It doesn’t take long to get a few alternative quotes and will certainly be time well spent if it saves you a few pounds!
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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