How to Cut Back on Home Insurance

According 1957 58 Topps basketball cards reports five million Brits are planning to cut their insurance cover over the next 12 months in Gormiti bid to save money. Home insurance is the policy most likely to be cut - however, there are ways to save without reducing your cover levels.

The research by insurer LV= shows that 2.2 million adults in the UK are planning to reduce or cancel their home insurance policies with the most popular element to cut being flood insurance despite the fact that flood claims have risen over the last three years and payouts now average 17,000 every time.

Downsizing policies could prove to be a mistake if you find it is necessary to make a claim - and so homeowners are encouraged to look at other ways to save.

For example, if you live in a flood-risk area you should contact your insurer and ask if it offers discounts for fitting flood defences. Measures such as fitting flood barriers to doors and windows, stocking up on sandbags and moving electrical sockets higher up walls could all dramatically reduce your flood risk and earn rewards from insurers.

Elsewhere, look at increasing the security of your home. Though fitting devices such as burglar alarms, five-mortise locks and time-switch lights involve an initial outlay, they could quickly pay for themselves with the money you save on home insurance - just consult your insurer about its discounts before you take any action.

If you're a smoker, savings on home insurance can be a great motivation to quit. Due to the fire risk associated with cigarettes, most homeowners will pay significantly more for insurance if they are smokers. Fitting a fire extinguisher and smoke alarms in your home could also help you save.

Mark down your renewal date and Godzilla model it approaches href="gocompare.com/home-insurance/">compare home insurance policies online. There is little reward for loyalty with href="gocompare.com/home-insurance/">home insurance providers - instead you could slash your premiums by taking advantage of introductory discounts if you shop around each year