Top Tips for Buying Home Insurance

For any body who has a mortgage it is imperative that you are covered by both home contents insurance and buildings insurance.  If you are tied into a mortgage deal, then you may need to check with your mortgage company to see if you can get home insurance with another home insurance company before committing to a deal.  If there is no tie in with your mortgage provider, then the best way of finding a good deal on home insurance is to shop around the market.

Shopping around to get cheap home insurance

If you do have a mortgage, then there are a number of things that you are usually sold at the same time as purchasing your mortgage, these are:

•    Mortgage protection insurance
•    Buildings and contents insurance
•    Life insurance

A mortgage protection insurance is usually put in place, to cover you for things such as, if you are made redundant, or suffer critical illness.  

Buildings and contents is put in place to insure your home against theft, fire and floods etc.  

Life insurance is put in place to make sure that your family is protected in the event of your death.  

Many people don’t realise that if they shop around the market for the above product, then they could save themselves quite an amount of money:

•    You could save around £150.00 per year on your mortgage protection insurance.
•    You could save up to around £66 per year on your buildings and contents insurance.  So over a whole mortgage term of 25 years you could be saving about £1,650 which is quite a lot of money.  
•    Plus on life insurance premiums you could be saving around £480 per year, depending on which life cover you have, which is a staggering £12,000 over a 25 year mortgage term.  

So where do I find cheap home insurance?

A good place to start looking for a cheap home insurance is on the internet.  There are literally hundreds of companies on the web, all of whom claim to offer fantastic deals on home insurance and related products.  Shopping around the internet can be time consuming and many people nowadays just don’t have time on their hands.  There are however, companies such as www.insurance64.co.uk who have taken time out to review home insurance companies on your behalf.  Another good way of finding cheap home insurance is by using comparison websites, such as gocompare.com, this company can also be found on www.insurance64.co.uk.
Make sure your home insurance meets all your needs

Before committing to any home insurance policy, you must read through to make sure that the insurance policy meets with all of your needs.  It is important that the rebuild cost is enough to cover your property in the event that it is destroyed completely. 

Always read the small print

Once you have found a company who will provide you will a cheap deal on home insurance, then it is imperative that you read through the terms and conditions, which can usually be found on the company’s website.