26 October 2024

A report has shown that consumers buying the cheapest home insurance may not be fully covered making it an expensive option if they need to claim.

A report has shown that consumers buying the cheapest home insurance may not be fully covered making it an expensive option if they need to claim.

MoneyMaxim are warning that consumers who buy the cheapest home insurance may not be fully covered making it an expensive option if they need to claim.

If you are unsure that your policy does not fully cover you for what you require, compare home insurance providers to gain peace of mind.

Home insurers are increasingly offering vital aspects of home insurance as optional extras rather than including these as standard.

As consumers focus more on the price due to the current finacial climate there is the risk many could be underinsuring their home.

Extras such as accidental damage cover, legal expenses, home emergency and garden coverall should be considered before a policy is taken.

It is important for policyholders to focus on policy features as well as price when choosing home insurance to ensure they choose a policy that is right for their needs, as doing otherwise could potentially leave them with insufficient protection.

Other extras that often can also be added are freezer cover, loss of keys, accidental damage of TVs, glass breakage, loss of water or oil and or student belonging cover.

Compare Home Insurance with Moneymaxim

It is important that consumers are aware of what their home insurance policy covers them for and what they need to take out as an extra.

While keeping home insurance cheap may seem like a more attractive deal if something were to happen where you would have used it you may end up spending more than you would have done it you were fully covered.