The latest research has found that as many as 55% – some 8.4m renters, don’t have any contents insurance and are leaving themselves unprotected by having nothing in place.
Of those renters who do have contents insurance, 16% take the time to compare the cost of different providers and then switch if they find a better offer. Homeowners are more proactive with 22% comparing the costs of providers and switching to a better deal.
Homeowners are also savvier when it comes to finding ways to save on their building and contents insurance, with 54% of those with home or contents insurance having already or considering installing safety features to save money on their premium.
Five tips for securing your home:
Lights, camera, alarm: Installing safety features can help to protect your home from potential intruders, as well as saving you money on your home insurance.
Take time to compare insurers: It may seem like a chore to spend time comparing what different home insurance providers are offering, however in the long term it could help you save money. Make sure the provider you choose covers everything you need, such as student cover for children living away from home.
Search for an offer: Look for a provider who is offering a benefit or deal to the consumer. Sainsbury’s Bank gives customers double Nectar points on their shopping and fuel, as well as a discount for Nectar card holders.
Love thy neighbour: Making friends with your neighbours can prove to be a smart move. Having a trusty friend to keep an eye on your home when you’re not in could benefit you greatly. For prolonged stays away from home you could also ask a friend or family member to house sit, which can be particularly useful if you have furry friends that will need taking care of while you’re away.
Know what’s in your home: When the time comes for taking out your insurance policy, take the time to walk round each room to make sure you know exactly what’s there and needs to be included in your cover.
