Discounts
 

Home insurers offer various ways of reducing your premium.

Security

Insurers differ on what security requirements they prefer but generally if you fit the security detailed below you can expect a discount of up to 15%

  • Final exit door Fitted with a lock conforming to BS3621
  • All other outside doors Fitted with a lock conforming to BS3621 OR Any other lock and key operated security bolts at the top and bottom
  • Metal framed patio doors Each door must be fitted with any of the following:
  • The manufacturers key operated deadlock
  • The manufacturers key operated security bolts
  • Any key operated security device fitted by a qualified locksmith
  • Windows All ground floor and accessible windows to be fitted with any of the following.
    • Key operated security bolts
    • Key operated window locks
    • Permanent or key operated window stops
    • Adhesive on glass louver window panes to prevent glass panes being removed easily

  • Alarm Systems An alarm maintained by an installer approved by the National Security Inspectorate (NSI) or the Security Systems & Alarms Inspection Board (SSAIB)
  • Neighborhood Watch - If you are an active member of a neighborhood watch scheme in your area

No claims bonus

Like car insurance for each year you go claim free you earn a percentage discount. Example 1 year 10%, 2 years 15%, 3 or more 20%.


Occupancy

If the property is usually occupied during the day. As the risk of theft is reduced you can enjoy an additional discount of up to 5% with some insurers.


Voluntary excess

£50, £100, £150, £200 or £250 on top of the standard excess. This means you agree to pay a higher amount to-wards any claims. It depends on the amount you want to pay to-wards a claim but it can be up to 10% discount.


Combined Policy

If you arrange the buildings & contents at the same time under the same policy the insurers will reward this with an additional discount. Usually in the region of 10%.


Sums Insured

Play around with the amount you require. A lot of insurers offer a bedroom rated policy. This means they will automatically give you a fixed sum insured.


Example If you enter a sum insured of £41,000 contents then this will eliminate the insurers that go up to £40,000. Try entering £39,000 instead, if you are confident this is sufficient it can make a huge difference to the premium you pay.

The same principle applies under buildings. Making subtle changes to your sums insured can reduce the premium by up to 20%


You may find the following links useful

Neighborhood Watch


Approved Alarms


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