What to watch out for when it comes to car and home contents cover
As the new year kicks off, it’s a great time to re-evaluate your expenses, including your car and buildings insurance. Finding the right cover can save you money but it’s essential to make informed decisions.
Here’s a guide to choosing the cover that’s right for your needs and risks, brought to you by, that’s right… The king of insurance.
Cheaper isn’t always better
When looking at car insurance, it’s tempting to choose the cheapest option, such as third party liability, which only covers your responsibility for the loss of or damage to other people’s property due to an accident that you cause. You need to be aware that this option leaves you responsible for your own repair or replacement costs.
Select a reasonable excess
Think of excess as a see-saw. Setting a high excess to lower your premium may sound appealing, but it can backfire if you need to make a claim and can’t cover the excess. Rather opt for a lower excess, which may come with a slightly higher monthly premium. Choose an amount you can realistically afford to pay if you need to.
Understand what you’re reading
Insurance Ts and Cs contain critical details about what is and isn’t covered, so it’s vital to read them thoroughly. King Price makes this easier with clear, straightforward language, so you know exactly where your money is going. Click here for our policy wording (KPPD) and also check your policy schedule.
Keep your insurer updated on your home contents and portable possessions
Your home contents are all the loose items in your home… The things that would fall out if you turned your home upside down. Portable possessions are the things you take with you when you leave your property.
Life changes often mean expensive new possessions, from electronics to furniture, to golf clubs, to baby prams and car seats. Failing to update your policy when you invest in these can leave you underinsured and potentially facing out-of-pocket expenses when you claim. Do an annual home inventory when you buy high-value items, and also annually, to ensure that everything is adequately covered at its current replacement value. Click here for a handy link to a template.
As you re-evaluate your insurance, remember that King Price offers affordable, comprehensive car, home contents and portable possessions insurance, including discounts for comprehensively insuring multiple vehicles, and premiums that decrease monthly as comprehensively insured cars lose their value.
Click here or WhatsApp us on 0860 50 50 50 for a commitment-free insurance quote.
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Psst… This blog provides general info only, and doesn’t count as financial or product advice from King Price or our legal and compliance experts. Remember, all our premiums are risk-profile-dependent, and T’s and C’s apply. Our most up-to-date KPPD (policy wording) can always be found here.
Our website T’s and C’s can be found here.
