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Specialist Home Insurance

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Since the birth of comparison websites, buyers of insurance have quickly been able to evaluate all their options, and see the greatest value for money available to them. So when you receive a quote from an insurance company, it is assumed you are being given all the information, and you are paying a reasonable price for the service they offer. But unfortunately, many companies do not inform you of the all the risks involved, or they will charge you more because aspects of your home do not conform with their strict procedures.

But there are ways of protecting your home, without paying over the odds.

For instance, it is not commonly known that a house with a flat roof (particularly a period house) may cost more to insure than the more common sloped design. Many insurance companies do not have a broad knowledge of this area, and therefore charge astronomical fees for their service, without telling you why. If you have a flat roof then you should seek a specialist broker, with an understanding of this area. Although it may cost for a surveyor to come to you, the savings over time far outweigh the initial expense.

If you run a business from home you may not be covered, particularly if you use expensive or dangerous equipment. Standard cover is not designed with the business in mind, so once again, it is advisable to find a policy that suits your specific needs. Enquire about what you are specifically covered and not covered for. We all know about the techniques of insurance salesmen and women, so it is always best to be perfectly clear about your what your policy has to offer.

If your home was built using non-standard construction methods, or if it is poorly constructed (even if you didn’t know when you bought the house), you may end up paying an extortionate excess on any future repairs on your house. But through simple research, one UK homeowner had the rebuilding cost of their house slashed from £400,000, to £250,000.

You may be in an unusual housing situation and you may be unaware of which aspects of your house you are and aren’t covered for. If you have a thatched roof, a park house, a high net worth or live in a listed or period property, there may be parts of your policy that don’t meet your requirements.

Shop around, use comparison sites but never take a policy at face value, or listen to a salesman’s spiel without asking the right questions…

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