Cheap home insurance

Cheap home insurance sounds like a no-brainer.  We all want to save money, and trimming a few pounds from our home insurance premium is a quick way to free up some extra cash.  But homeowners who are tempted to take the cheap home insurance option should be careful to check they are actually getting the cover they require.  If not, cheap home insurance could prove to be a false economy.

It’s easy to get a cheap home insurance quote.  Just reduce your ‘sum insured’ and your premium will drop – but this will leave you dangerously underinsured.  Real bargains come when insurers offer you the cover you need at a competitive price.  For example, Privilege provides up £1,000,000 cover for the cost of rebuilding your home and any outbuildings, and is also offering 50 per cent off contents insurance when you buy buildings and contents together (offer is for new customers only and expires 31/03/07).

Once you have your cheap home insurance quote, take a few moments to make sure it really does give you the cover you require.  Have a look around your house and think about how much a brand new replacement for all the items in each room would cost.  If the total comes to more than your cover limit, your cheap home insurance could be an expensive mistake if you ever need to make a claim.

Adding optional extras like personal possessions cover will also make your cheap home insurance quote slightly more expensive, but could well save you money in the long run.  This covers your belongings outside the home – for example when you are shopping, visiting friends or on holiday.

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