With home insurance, you are protected against any losses which may occur in the case of an unexpected event. Here at AXA, we ensure you get the best home insurance product to suit your needs at the best price. With home insurance, it is important to remember that the cheapest policy is not always the best. We understand that house insurance can be viewed as an additional cost, so here we look at factors which may be affecting your home insurance quote.
What are the different levels of home insurance cover?
The first factor which will determine the cost of your home insurance policy is the level of cover which you choose. This breaks down to two different areas of risk: damage to the building itself and damage or loss of contents inside the property. You may also choose a comprehensive policy which will cover both your property and your belongings in the case of an emergency. You should consider whether you can get better value by combining buildings and contents cover into one policy.
What are additional extras?
Home Insurance policies also have the option of additional extras which will give you further coverage in several areas of your policy. You can add cover for personal belongings or valuables which you may bring outside of your home, such as a laptop or camera. Accidental damage cover also falls under additional extras, covering accidents such as a paint spill or dropping a TV.
Does the value of my home affect my insurance?
The amount which you insure your home for, and whether you also insure your contents, will have an effect on the price of your insurance quote. The greater the insured value of your building/contents, the higher your insurance premium will be.