How to Stay Ahead of the Game as Insurance Premiums Rise
According to some experts, the US economy is set to take an upturn, which is fantastic news. However, homeowners could be facing a rise in their home insurance premiums due to last year’s catastrophic weather is some parts of the country, such as hurricanes, floods and wildfires. Over in the UK a similar trend is occurring, but instead of extreme weather it’s fraudulent claims that are pushing up premiums.
Fortunately, you don’t have to stand by helplessly and watch your insurance skyrocket. There are some actions that you can take to retain as much money in your pocket as possible.
Start with the practical things, such as fitting smoke alarms if you have none in your home – be sure to test them on a regular basis, too. It’s hard to believe something so cheap and easy can save you so much money in the long run. Similarly, make sure you have quality locks fitted to doors and windows to keep intruders out. Furthermore, having a burglar alarm fitted will not only act as a deterrent, it will also do wonders for your peace of mind.
Remember, you shouldn’t make a claim unless you really have to do so. The more claims you make, the higher your premium will be, so it’s a good idea to find an insurer who offers a no claims discount. The internet is your greatest ally when it comes to researching the best insurance prices, and there are many comparison sites out there to make your job that bit easier. Castle Cover is compared by the company itself and there are other insurers who will do the same, which will save you a lot of hassle.
It’s sometimes a good plan to increase your excess, which will result in cheaper premiums. This is an especially savvy option if you have a history of no claims and you feel that you can comfortably cover the cost if something did happen to your home.
As you can see, there’s no reason for you to suffer badly from increased home insurance premiums. If you’re smart about it, you can stop your wallet from hemorrhaging money and spend your hard-earned cash on better things.