Newsletter 5
Case Study # 2 - Buildings Insurance - Can we reduce your premium?
If we can help reduce your monthly outgoings whilst providing the same cover for your home or investment property, then it is a win-win situation. With regard to Buildings Insurance, you should always be aware of the various policy exclusions and excesses.
This case study looks at the difference in renewal premiums and the different levels of cover. You will be able to see some examples of real life quotations which can save you a great deal, especially if you have a good no claims history.
Most buildings and contents policies allow you to vary the amount of cover in your policy. It is important to request the correct rebuild amount for Buildings Insurance and also to sufficiently insure the Contents of your home.
You should take care to total up the value of all of your contents and possessions. Make an exhaustive list of everything in your home and place an estimated value upon them.
There are also several options you may add to your policy, including cover for outside the home, personal possessions cover, accidental damage, high value jewellery and specified individual items.
You can reduce the cost of your policy by reducing the risk of your property being claimed upon. For example, discounts can be given for having a registered burglar alarm fitted, window locks and mortice locks.
The best way to reduce your premium though is to obtain a new quotation from us. We now offer a whole of market proposition and can advise on the quality of the contract also, as we have links with 5-star rated providers. See below for just 2 examples:
| Client | Renewal Quotation | ij independently Sourced Premium | Monthly Saving |
|
Mr & Mrs. C Cleveland |
£40.51 | £29.75 | £10.76 or 27% |
| Mr S & Mrs B Middlesex |
£106.57 | £70.36 | £36.21 or 34% |
These are significant savings indeed. Please do Contact Us to obtain further information and / or a personal illustration.