subject: Things to Know About House Insurance [print this page] The likelihood of ever needing to make a claim against your home insurance is very small, indeed, it is estimated that only around one in ten thousand households will ever need to claim against there house insurance policies.
Nonetheless, it is important to make sure that the policy you do have covers your home sufficiently. Reports indicate that many households do not have suitable cover.
According to a study carried out by moneysupermarket.com, many people do not realise when they purchase their home insurance, that they have not purchased a comprehensive home insurance policy. It is down to the individual policy holder to ensure that they have purchased the necessary amount of cover needed to insure against personal losses.
In recent years, people have been caught out when they have tried to make a claim and discovered that they were not adequately insured. This is not a position in which you want to find yourself.
One reason that people are buying insurance plans without adequate cover is that, when faced with a choice between several policies, they opt for the cheapest they can find, without necessarily checking the reasons behind the price difference which will often be due to the level of cover allocated. In the long run, it is false economy to opt for the cheaper, less comprehensive cover by doing so, you risk losing more than you gain.
When choosing a policy, make sure that, first and foremost, you have a good level of cover. Take account of your personal circumstances when taking out a policy. Taking out accidental cover is always a must; you should also insure any valuable items you may have in your home, antiques, for example.
For those of you who already have home insurance, but are unsure of the level of cover you have, contact your insurers immediately, and increase the cover where necessary.
Things to Know About House Insurance
By: Rochelle Martinez
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