1. Ignore your mortgage provider.
For many individuals, their first experience of homeowner insurance is when they buy their first property. Typically, mortgage lenders will attempt to sell their own homeowner insurance on top of agreed mortgage deals. Unless this is a contractual obligation, homeowners are advised to shop elsewhere for their homeowner insurance. Other lenders are more likely to charge competitive rates in order to secure your businesses.
NB. Some mortgage providers charge fees for taking your business elsewhere, so consider these added costs before approaching other lenders.
2. Shop widely.
Approach a large number of insurance providers in order to find the most competitive quote. Every lender operates differently, and sets different rates regarding insurances costs. Comparison sites are an excellent way of comparing different lender rates quickly and easily.
3. Increase your excess.
Your excess is the payment you are required to make in the event of a claim. Opting for a higher excess means that insurance premiums are lower. Should you be required to make a claim, however, it is worth remembering that you will be liable for the higher excess.
4. Don’t over insure.
Over-insuring your home means you will end up paying more insurance than your home and its contents are worth. Guessing the value of your contents is an irresponsible way of estimating your insurance payments. Keeping a basic inventory is all it takes to maintain an accurate contents value.
5. Get combined buildings and contents insurance.
When discussing homeowners insurance with your provider, request premium estimates for combined buildings and contents insurance. Securing the two in a combined homeowner insurance policy is often better value than taking out two policies independently.
6. Examine your policy.
Pay careful attention to the specifics of your policy before you sign. Between 2013/14, the UK property insurance market made an underwriting profit of £930m. Look for unnecessary protection, or clauses that don’t apply to you or your property type.
Small additions like these can cost you extra if not caught and removed from your policy.
7. Secure your premises.
Homeowner insurance premium is influenced by the risk rating of your premises. Property with high risk ratings are at a higher risk of being broken into or damaged, making them more expensive to insure.
Increasing your property’s security measures reduces your risk rating, meaning that you are less likely to take out a claim. As a result of this, insurance premiums are lower.
Security measures vary hugely, dependent on your property type, age, location and risk areas. Properties located on floodplains might consider flood-specific defences in order to protect their belongings from water damage, for example. Areas high in crime often install residential steel security doors to reinforce their home security.
More generally, residential areas benefit from add-ons like security cameras and motion detector lights to deter criminals. Roller shutters are an excellent investment in this area, securing vulnerable homes against criminal activity like burglary and home invasion without impeding ease of access.
UK Roller Shutters
Our insurance approved roller shutters protect homes throughout the UK, ensuring the security of family, property and personal belongings from theft and other crimes.
The ALU-1237 is our recommended roller shutter for residential buildings where security is the primary concern. This roller shutter suits domestic properties stylistically, while an extruded profile gives it greater strength and stability over regular lath.
- Double-skinned extruded aluminium
- Standard colours: white or brown
- The extruded xxx profile can be powder coated any colour as required.
- Blind Surface: 37mm
- Maximum width: 4000mm
- Maximum surface: 9.5m2
- This model of shutter can be upgraded in order to achieve a higher security rating – Secured by Design LPS1175 SR1 (LINK to What is LPS1175? article) – granting insurance approved status
We also offer the ALU-12M411, (https://www.ukrollershutters.com/item/alu-12m411) emphasising the energy-efficient qualities of residential roller shutters. These roller shutters come insulated, making them ideal for customers who want to save on energy bills as they keep the heat in, cold out or vice versa.
Homeowners insurance is important for protecting your high value assets like property and expensive personal belongings. Installing insurance approved roller shutters at external points around your property will lower your insurance premium while keeping you, your family and your assets safe.
To secure your residential property with one or more of our domestic designed roller shutters, call UK Roller Shutters on 01384 221743 or contact us here, and enjoy lower property insurance premiums.