Home Insurance provides us peace of mind that our home and contents are financially protected should anything happen to our property. Unfortunately, many people stick their policy in the drawer and forget about it, but there are many reasons why we shouldn’t and need to be reviewing it regularly.
Here are some main reasons why:
Premium- Have you noticed over the last few years that your premium has increased at renewal. Are you now concerned that you are paying too much?
Marital Status or Occupation- Did you know that incorrect information such as a change to your occupation or your martial status can potentially invalidate a claim if your insurer are not aware of the changes?
Home Improvements- It is important to let your insurer know of any major changes that could potentially increase the value of your home. This prevents you being under insured.
You have started working from home- If you have set up a small business from your home, it is vitally important to let your insurer know as most standard policies only cover a small amount for business equipment.
It is also crucial to have the correct cover in place, and not to leave yourself under insured. Did you know that if you are under insured then your insurer could reduce the amount of your claim? This is known as ‘the average clause’
Our Mortgage and Protection advisers are highly experienced and qualified in giving advise regarding Home Insurance. This is why we know how important it is to review cover regularly.
CALL US TO REVIEW YOUR POLICY TODAY. We will pay any cancellation fee charged by your current insurer for leaving them before your renewal is due.
Best Regards, Lisha Moffat.