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On the
back of a week that saw England’s cricket team win a one-day series in
Australia, you might have thought the world had gone mad. However, back on home
shores, it was business as usual as we once again proved completely incapable of
handling a bit of snow and we learned of yet another rise in the average house
price in the UK – this time smashing the £200k barrier at £201,090.
Of
course while first-time buyers hang their heads and wonder if they’ll ever
escape their parents’ clutches those who already have a house will be rubbing
their hands with glee as the value of their property is likely to have increased
again. However, unless you take precautions (as my parents always told me!) you
might soon find your excitement turns into a rather large expense.
Chances
are that when you took out
home insurance
your property was worth a lot less than it is worth now. That means that if the
bad weather we’ve been experiencing lately hits you in a big way, you could be
left short-changed by any potential pay-out. With the snow and the storms likely
to continue over the next month, you must act quickly to ensure you’re covered.
The
first step is to review your home insurance policy and see what level of cover
you have. Then calculate the rebuild value of your home (and while you’re at it,
its contents too) which you can do by following the home insurance calculator by
clicking here.
From
there, enter your details into the
home insurance
comparison tool at moneysupermarket.com. This will compare more than
60 home insurers instantly allowing you to pick up the cheapest available
quotes. Look at which of these quotes is the best value for your property.
Quotes will be different for every home, but there are a couple of stand-out
insurers you should consider:
Barclays home insurance – Aims to beat your current deal or will knock up to £100
off their price and give you £50 cash back. There is also an additional 10%
discount for buying online.
Post Office home insurance – If you take out a combined buildings and contents
insurance policy you will receive £50 cash back.
You should not delay in
sorting out your home insurance and making sure it accurately covers your
property’s value. Not only will that give you peace of mind if the bad weather
continues, but you could also find yourself paying less each month with a better
deal. “How’zat” for a bargain?
LINKS:
Barclays home insurance – £50 cash back
Post Office home insurance – £50 cash back
Compare more than 60 home insurers
Use the
home insurance buildings and contents calculator
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