Thinking home insurance? Here are some things to know ...

THE importance of Home Insurance needs no explanation in terms of overall importance to peace of mind. For example, property protection against storm damage, flooding, fire and theft are necessary to the financial security of returning your home and contents to its rightful state after an accident.

Home Insurance adds security to the things that matter in life, which is why everyone needs to explore and implement some measure of insurance cover. Below are some guidelines to think about when considering Home Insurance.

1. Contact insurance companies directly and get a quote. This may take time but you will be able to build up a list of quotes from insurance providers in the market that helps you build a clearer picture.

2. Use comparison sites to compare quotes from a number of different insurance companies. Using comparison sites is quicker but not all insurers may be included in the comparison. It could be more expensive than a direct quote.

3. Insurance brokers are more than happy to source the quote that’s best for you. Be sure to discuss and be specific with your broker. Get the detail right and get a more tailored service.

4. The amount you insure your home and contents for determines your premium. The greater the insured value of buildings and contents, the higher your premium will be.

5. Be sure to consider the type of cover you choose as you may be entitled to discounts. Insurers offer various discounts, which can reduce your premium.