Protecting Your New Home

When you buy a new property there are a million and one things that need sorting out. You need to change your address, transfer your telephone and internet connection and so on. It is a fresh start and this means it is the perfect opportunity to reassess your utility and insurance providers. Are they still offering the best value for money? Are they still competitive?

Millions of people just stick with the same home insurer for years on end. They think that ‘if it ain’t broke, don’t try to fix it’.  However, just because your insurer was the best five years ago, doesn’t necessarily mean that remains the case today.

You might be concerned about your no claims bonus. Some insurers allow you to carry over your no-claims bonus when you switch and almost all take into account your previous claims record when you apply for new insurance with a different provider.

To find the best deals, make use of the internet. There are plenty of price comparison websites out there that can take the hard work out of finding a new, competitive insurer. However, be sure to compare the results from each site as they all work with different clients and some get better deals than others. Further more, you should also check the insurer’s site directly, to see whether going direct offers a better deal.

But there are ways to further reduce the cost of your insurance, besides simply switching. The cost of your insurance is based on the level of risk you pose to your insurer. To lower your insurance premium, you need to lower your risk. There are several ways to do this.

Firstly, install a burglar alarm. Not only are these alarms proven by the British Crime Survey to reduce the change of burglary, a NACOSS approved burglar alarm can chop up to 7% off your home insurance premium.

They might seem like nosy neighbours, but by looking out for each other in your immediate neighbourhood not only reduces overall crime in the area, but it lowers the cost of your insurance as well. By joining your local neighbourhood watch you can slash up to 10% off your insurance costs.

There are many more ways to lower the cost of your insurance. Most insurers will actually be happy to tell you how to lower your risk, because after all, lowering your risk means lowering their risk.

Legal & General has recently been voted the best mortgage related insurance provider, so you can trust that its home insurance will be up to standard and affordable. Visit the site for details.