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8 savvy tips to cut your home insurance lovemoney.com

I've recently been scouring the web for a competitive home insurance quote . I'd thought I'd share some of my experiences, and show you how a few tweaks here and there could have a big impact on your premiums.

Doubling up doesn't always pay dividends

Buying your building and contents insurance together may seem like a smart move, and many insurers will shout about the massive discounts you can get if you buy both products from the same insurer.

But this isn't always the case, especially if you live in an area at risk of flood, or if your home is prone to burglaries, so it always pays to shop around.

Use our home insurance comparison tool for separate and combined quotes to see how much cover will cost you.

Increase the excess

One way to reduce your premiums is by increasing the excess (the amount you'll have to fork out if you make a claim). Just bear in mind that if you do make a claim, a higher excess could put a serious dent in your finances.

Favourable Market Conditions Mean Now is the Time to Buy

House hunters should be looking to secure a new home at a bargain price before house values start to rise and encourage other would-be buyers back into the property market.

 

 

 

The ELPG group of leading property solicitors says that, as the property market will be the first area to recover from the effects of the recession, house buyers have a limited time to purchase a home at a knock down value and face less competition for properties.

 

 

 

The group, which consists of Warners, Neilsons, Drummond Miller, Leslie Deans & Co and the Lints Partnership, highlights that the property market has historically been the first area to recover during previous recessions in the UK.

 

 

 

It adds that a recent surge in enquiries and property sales in Edinburgh is suggesting that the city’s property market is nearing the end of its slump – making it the perfect time for buyers to look to purchase a new home, or risk missing the end of the downward curve.

 

 

 

Steve Spence, senior partner at ELPG member firm Neilsons, said: “The property market in Scotland was the first thing to be hit by the recession and over the past 12 months, we have seen the number of property sales decreasing, as well as house prices falling.

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Contents Insurance - Home and Contents Insurance NZ - TOWER

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