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House Insurance Tips
Friday, January 7, 2022

Tips for taking out Home Insurance 2021

Are you looking to save money on your home insurance in 2021? Here are our tips to help you bring down the cost of your insurance quote. Check out our tips below on taking out your home insurance.

 Are you looking to save money on your home insurance in 2021? Here are our tips to help you bring down the cost of your insurance quote. Check out our tips below on taking out your home insurance

Improve Home Security 

Improving your home security with home alarms and locks etc protects you and your family from thieves and gives you peace of mind about the protection of your home and your family. But this can also help you lower the costs of your insurance as these measures reduce the risk of theft. 

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Reviewing your policy 

When you are renewing your policy always review it as there may be changes that need to be made as circumstances change. Changes such as your excess, your contents value, security measures, property value etc as discussed further in the article can change your home insurance costs. 

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Value your Property and its Contents Accordingly 

Overvaluing the cost of your property and its content can increase the cost of your home insurance. Price your property and its contents accordingly so you are covered in the case of an emergency but don’t overvalue it because it can make your costs higher. In the case of an accident happening to
your home, the rebuild of the house would usually be cheaper because you already own the land. You just need to insure the cost of the house and not the market value of the property.  

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Shop Around for the Best Prices 

There are dozens of companies in Ireland that offer home insurance with different deals. It’s best to get quotes from different companies to get the best price and cover. At insuremyhouse.ie we are a broker that deals with most insurance companies in Ireland and can help you negotiate the best deal possible. 

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Increasing Voluntary Excess 

Your voluntary excess is the cost that you pay in the case you need to make a claim with your insurance company. The cost ranges around
200-500 euro and the more you are willing to cover yourself the cheaper your insurance will be.  

Online Discounts 

Many insurers give discounts for paying for your insurance online, they offer time-limited discounts or offer a discounted price if you or a family member have an insurance policy with the company you are interested in getting your home insurance with. Checking for deals and discounts before making decisions could save you on your Home Insurance costs.  

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No Claims Bonus Discount 

When you first get an insurance policy, it will usually be one of the most expensive years. Over the years when you haven’t made a home insurance claim, you will build up years of no claims bonus which should reduce the cost of your home insurance policy. 

Paying your Insurance Annually 

You can save a bit of money on your insurance by paying it yearly instead of monthly. Monthly payments can break up the cost over the year but if you can save the money before you get your policy, you will save a bit of money by paying the cost upfront yearly. 

At Insuremyhouse.ie, we are here to help you with all of your home insurance needs, no issue is too big or too small. Reach out to us today so we can provide you will a quote for your home insurance requirements. If you are looking for a Home Insurance Quote, Get in Contact with us today.