Can you save money on buildings & contents insurance?

Insurance provides invaluable protection for homes and possessions. Whether you are an owner occupier or a tenant you will appreciate the peace of mind a policy will offer, especially when you put the work in to find the right coverage. The Capital Alliance Financial Services Ltd team is here to help with that. We have become one of the leading introducers of buildings & contents insurance Nottingham has to offer.

One of the most common questions we receive is how people can save money on their insurance coverage. With this in mind, here are some tips.

A simple thing you can do is combine coverage, keeping building and contents on the same policy. In many cases getting both from the same provider can work out cheaper.

Cutting out the frills can save you a lot of money too. Ideally you will only want to pay out to cover those essential things that are irreplaceable.

Paying annually can also work out cheaper. Although monthly payments may seem more manageable you may find that you are paying more administrative fees. With an annual payment there should only be a single admin fee to worry about.

A higher excess can cut the amount you have to pay for coverage. Lower premiums tend to have a higher excess to cover the difference if a claim needs to be made.

Home improvements can surprisingly help to reduce your insurance expenses. For example investing in good quality smoke alarms, protective systems, and insulation for water pipes all reduce your likelihood of making claims, thus lowering your bills.

Home and contents insurance works in a similar way to the coverage for your vehicle; the longer you go without making a claim, the lower your premiums should be. As a result you should think carefully before making any claims and decide when it is better to use your own money for repairs.

Capital Alliance Financial Services Ltd is happy to explain the ins and outs of different types of policy. If they want help finding buildings & contents insurance Nottingham based clients only need call us. We provide professional support and friendly advice, ensuring that each client is happy and satisfied.