How does Home and Content Insurance Work?
Your home is your special place which reflects your lifestyle and preferences. Insuring your house protects you against circumstances which are beyond your control. Your insurance cover helps you repair or rebuild your house in the case of damages covered by your insurance cover. Home insurance covers pipes, cables, switches as well as gates, fences and more. Failing to insure your home and its contents is a waste of your investment money.
Content insurance provides cover for your possessions such as computers, furniture, clothes, television and so on. Basically, contents insurance covers the cost of repairing or replacing your possessions if they are damaged or stolen. It also includes items like carpets and curtains. These two insurances are usually bundled together and sold as Home and Content Insurance. By taking out a Home and Content Insurance you protect the investment in your home and belongings.
Check What’s Covered.
Although different types of home insurance will apply in different situations, there are some features that most policies have, like insurance cover for damage caused by earthquakes, floods, storms, lightning, fire damage, theft and more. Some policies cover you for accidental damage but they may cost a little more. The level of coverage depends on the policy you choose and which insurer you go with.
While you can’t control the weather, you can definitely control your insurance cover to protect your home against natural calamities and other damages.
How is a premium calculated?
Each insurer has a slightly different process for calculating your premium, that’s why you will get different quotes from various companies. The common factors that affect your premium are the level of cover you choose, the size of your home, the materials your home is made of, the age of your home and more. The premium also depends on whether you have made a claim before as previous claims indicate that your property has issues, which make you more likely to claim again. Sometimes when you renew your police, the premium is higher than a new policy.
What Policy should you Choose?
There are so may policy options to choose from that selecting one is a difficult and time taking task. Do you research, compare your options and know what is offered. While price is an important factor when choosing a policy, you must remember that the cheapest one isn’t necessarily the best. Instead of simply opting for the cheapest deal, compare your options and consider your needs.
You can check home and contents insurance quotes on iSelect, an online website which compares policies from leading insurance companies. The expert consultants at iSelect look for policies according to the details you provide about yourself and the property you need insured. They display the products available from their partners on their website as well. You can even speak to them on the phone to clear the queries you have.
Keep your home and valuables safe by selecting your Home and Contents Policy on iSelect.
