What to consider when choosing your policy
Some of your prized possessions may have been with you a long time, so you don’t want to argue about their value with the insurer. You might want to choose a ‘new for old ’ clause in your policy that means you get a new item to replace anything damaged or lost and you don’t need to argue over second-hand valuations.
If you have a larger home to consider, you will need to make sure your policy has the right level of building cover. Check the small print on any policy, if you need to make a claim then that is not the time to find out that there’s limit on the claim and it’s less than the value of your home.
You also want to ensure that the policy covers the rebuild cost – the amount it will take to rebuild your home from scratch, instead of the market value.
As with any policy you need to make a list of priorities and then see what you really need. You might find you can make big savings, or get better cover, simply by switching policies. We can help you find the answers you need.