Home insurance review

We might not be in recession anymore, but millions of Britons are still feeling the pinch. Life is tough for many people, as rising inflation is pushing up prices on everything from a loaf of bread to home insurance. Thousands of homeowners are letting things they view as not completely necessary, fall by the wayside. According to a recent survey undertaken by gocompare.com, 8% of Brits are questioning the need for buildings insurance and a further 8% are thinking twice about renewing their contents insurance.

At the same time, people are putting off those home maintenance jobs that are essential as soon as the summer is over and wintery weather blusters its way back in. A third of those responding to the survey are putting off home maintenance and decorating jobs in a bid to save money for a rainy day. However, by failing to maintain their homes and cutting back on insurance, that rainy day could be an incredibly expensive one, more so than if they had made the necessary updates and carried on with their home insurance. 

People are always out for a deal, but now there is more emphasis on price in isolation, and the absolute cheapest policy might not be the most suitable or, for that matter, the best value for money. Price should be matched with quality and value for money should be the term of choice, rather than cheap, cheap, cheap.

There are other ways you can lower the cost of your insurance without impacting one jot on your level of cover. You can pay annually rather than monthly and save yourself a few percent. Additionally if buy your policy online rather than over the phone you will save some Pounds and if you buy direct rather than through a broker, you will also save some much needed cash.

One of the best value and most flexible policies to choose form right now comes from Legal and General home insurance. It offers two levels of home insurance, ‘essentials’ and ‘extra’ cover so you can tailor the price and level of cover around you but always maintaining and decent minimum level as standard.

It’s also prudent to get those buildings works done now, in the summer time before the dark, cold winter nights set in. If you’re not the greatest when it comes to DIY, don’t think ‘hired helped’ needs to cost a fortune. Shop around and play the market before committing to one contractor. Remember investment now can save you money in the future.