Tips on Reducing Your Home Insurance Premium

You work hard to maintain a beautiful home so it’s important to make sure it’s protected. And by having reliable home insurance cover that suits your family’s needs will ensure you get peace of mind. Allianz has some simple tips about home cover that are worth following.

Tip 1: Know your Home Insurance policy

When your policy arrives in the post make sure to read your policy along with the schedule and know what it covers. The more you know about your policy, the easier the claims process can be.

Tip 2: Correct Building Sums Insured

Tip 2; make sure the building sums insured is correct. Your home should be insured for the rebuilding cost and not the value the property would sell at.

If you don’t know the rebuild cost of your home please use our rebuildings calculator. Remember if you have recently built an extension it is important that you amend your buildings sums insured to reflect the full value.

Tip 3 Correct Contents Sums Insured

Likewise for your Contents Sum Insured. At Allianz they have plenty of choice with different levels of cover depending on your requirements, so make sure to evaluate how much cover you actually need.

Also remember you may need All Risks cover, this cover insures items outside the home. Include all personal possessions that are important to you such as paintings or jewellery.

Tip 4: Proper Protection

Ensure your home is properly protected.  At Allianz we offer cheaper home insurance and premium reductions for improved security such as working burglar alarms,smoke detectors or being a member of a neighbourhood watch scheme so make sure you’ve got your home properly secured.

Tip 5: Check policy extras

Before you buy your home insurance, check if it provides services that you may need. For instance Allianz home insurance has a 24-hour helpline, so help is always at hand.

Tip 6: Higher voluntary excess

Consider paying a higher voluntary excess. The excess is the first part of any claim that you’ll need to pay before the insurer pays out.So by offering to share some of the risk with the insurer and by paying a higher excess, it’s likely Allianz will reward you with cheaper home insurance.