home insurance
home insurance

10 Things Before Getting Home Insurance

  • Why You Need Home Insurance

Answer: – To have a safe haven when disaster or unexpected damage happens to your home or properties or the valuable content in your home. If you live in a rented house, you need to protect your valuables like jewelries, paintings, cash kept at home, gadgets, furniture, etc. from damage by burglary, fire or flood. Then, if you own a house, you need to protect the home you built or bought with your hard earned money against days of disaster. It is very important to get a home insurance policy to guard against the ‘rainy days’.

  • Get The Best Home Insurance Quotes

To get the best home insurance deal, you need to find a provider that will give you what will keep your mind at rest. You need to get the best insurance quotes from the best companies to be able to compare different policies that suites your needs and also get testimonials from current users of these policies. Visit this page to get free home insurance quotes from top providers. We work with the best insurance companies for your best interest.

  • Decide On How Much Coverage You Need.

You need decide whether to cover the building and its content or just the building alone. The value of your building has to be accurate because if you do not get the cost of the building and its contents (computers, electronics or electrical gadgets, jewelries and so on as the case may be) correctly, you will be under-insured if you underestimate your building and its content or you will be paying high premium if you over estimate the cost of the building and its content. The best way to value the items in your home is to go round the rooms one by one and take down the items you want to be covered and put the right cost of these items. The value of your building has to be the rebuilding cost and not the present market price. You can consult us via our home insurance portal to get the right value for your building to ensure you are not under-insured or do not pay higher premium due to overvaluing.

  • Compare Policies

It is a wise and practical step to take while trying to make the best choice. Have different home insurance quotes placed on your table, then take time to go through them and select or choose the policy and company that best suits what you need for your home coverage. Our job at InsuranceQuotes.NG is to provide you with these insurance quotes from various companies to reduce the stress of scouting for insurance companies. We have a pool of insurance companies that you can be linked to.

  • What The Policy Covers And Does Not Cover

Look out for the scope of policy cover like burglary (theft), flood, earthquake or other natural disasters, fire damage. It is very important to find out what specific damages the policy does not cover to make it clear and easy during claims time.

  • Go For Exact Or Replacement Coverage

When choosing how you want your building contents to be covered. It is best to go for exact coverage of the specific item instead of getting the monetary value for the items. In the case of a wall clock or refrigerator for example, choose to get the refrigerator or wall clock or whatever it may be to be replaced with a new version and size (exact type) of the same brand rather than getting the monetary value.

  • Look Out For No Claim Discount

There are some benefits or advantages that may be hidden in the policy, so it is pertinent that you read the policy from cover to cover. Some companies offer a discount for not making any claims within a particular time or duration which is given out in the form of premium discount for the subsequent year. Make sure you find out other benefits within the policy apart from making claims.

  • Are Your Home Fittings Insurable?

Most insurance companies try to run away from some claims during times of disaster. In fact, they are not your friend at this time. When choosing the right policy, find out the standard quality of products or material strength for different home fittings that can be reclaimed. If you used very low or poor quality materials in your home and there was easy entry of thieves into your home, when you make your claims, these fittings will be checked and may be a hindrance to getting a full compensation for your lost items or damaged building. Therefore, make sure you use good quality fittings in your home.

  • Excess Coverage

Some policies have optional and compulsory excesses. You should decide what excesses you can afford to have in your cover. Most times, choosing to pay for voluntary excesses will reduce the cost of the coverage.

  • Review Your Insurance Policy Yearly

Once you purchase your home insurance policy, it is important that you review your policy with the insurer every year to update it with addition of new valuables to your home and its content which may increase the replacement cost.

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