I already have buildings with my mortgage lender – what are my options?
Check when your policy comes to an end and take the opportunity to compare deals to see what you could save. It’s worth digging out all your paperwork so you can see exactly what you paid and what was covered. More importantly, making sure you know when it’s due to end means you’re less likely to fall into the auto renewal trap that many insurance policies have in place.
Of course, there’s nothing stopping you from switching part way through your policy. But you’ll probably be charged admin and cancellation fees and these may wipe out any money you’d be owed if you had paid upfront and you won’t earn your full year no claims bonus if your insurer offers one. Waiting for your policy to end is usually the best and most cost effective option.
Want savings…start comparing
So go on – take ten minutes out of the mad rush of house buying and see how much you could save when you compare home insurance with us. We’re one of the UK’s largest comparison sites so why go all round the houses when we’re confident you can get the right deal for you at the best price, right here.
¹ Based on Online independent research by Consumer Intelligence during August 2016. 10% of consumers could achieve this saving on their Buildings and Contents insurance with comparethemarket.com.
² On average 32.94% of new buildings and contents insurance customers achieved this saving with comparethemarket.com, according to independent research carried out by Consumer Intelligence during May 2016.