How to Take Control of Your House Insurance Costs in 2013

As a homeowner, you may be drowning under a sea of payments. When you move into a new property, your money will be divided into separate categories including council tax, utility bills and mortgage payments. After paying hefty solicitor fees and estate agent fees on top of the initial costs of home furnishings, you may me struggling with all of those extra costs that come with moving home.

Am I Paying Too Much for House Insurance?

When you move into a new home, it is tempting to go with the first company you come across for your house insurance. You will need to set up monthly payments for council tax, water, electricity, internet and phone and for this reason it is easy to opt for the quickest option. You may not have time to shop around for the best house insurance deal but this will send your monthly outgoings soaring. So, if you think you might be paying too much for your house insurance, it’s not too late. Go online to discover your options and apply for multiple quotes to see if you can save.

My House Insurance is Rising. What Now?

With so many bills pouring through the letter box, you may not even give them a second glance. Once the direct debit has been set up, it is easy just to forget about these monthly outgoings. However, your house insurance bill may rise over time so it is essential to keep an eye on the figures. One option is to combine your insurance needs as some insurance providers will provide you with a discount as a result.

Only Pay for What you Need

The chances are you may be paying for more insurance cover than you actually need. Go through the details of your house insurance cover with a fine tooth comb and see if you could cut costs by eliminating any unnecessary cover options. Ensure that you are covered for the essentials but do not put yourself at risk by scrimping on your cover. For example do you really need earthquake coverage? Of course, if you do live in an area that’s prone to things like flooding, you’ll want to make sure you have the correct coverage that will help pay for things like water restoration service, should your home be affected by water damage.

Only Make Big Claims

Making lots of insurance claims in a short space of time can cause your insurance to rise over time. For this reason it can be wise to think whether making a claim for something small is worth it in the long run. If you are unsure how to lower the cost of your insurance speak to a specialist for expert advice.