There are several ways that you can manage your own risk to help keep your home insurance premium as low as possible.
A good claims history is critical. Typically, those who have made a recent claim are more likely to claim again. Insurers therefore consider past claim experience to be significant. Having no previous claims is best for your premium, but bear in mind the number and value of claims has an impact, so consider not claiming for very small claims.
Your Policy Excess
Another way to affect your number of claims is your policy excess. This is the initial amount of the claim that you, as the policyho...Read more
About the author:Business owner, consultant, and expert witness. Former motor and property insurance underwriter.
Date:March 11th, 2019