Top Reasons to Take Out Comprehensive Home Insurance in Ireland Today

Rare is the house that doesn’t have any insurance policy tied to it whatsoever. After all, home insurance policies provide homeowners a certain level of security and protection. If you have yet to take out a policy on your home, be sure to arrange for one with the help of a trusted home insurance broker in Ireland such as Simply Insure—and now is undoubtedly one of the best times to do so.

 

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The National Consumer Agency reported that home insurance premiums fell between 5 and 15 per cent in the past year. The main exception to the drop was the content-only coverage that must be applied for when covering properties to let.

Those interested in purchasing a new policy should act quickly. Analysts are predicting home insurance prices to rise in the near future. Sitting down with your preferred broker should help expedite the process.

What and Where?

Discussions with your preferred insurer will partly focus on the type of property you have and its general location whilst accounting for market rates in that area. Many insurance brokers accept online application forms, which will require important data such as the amount of buildings and contents cover, and the type of heating system used in the residence. From there, the broker will analyse and arrange a suitable premium for your property with their partner insurance providers.

Gaps

Shopping around with your preferred insurance broker may still be amenable, especially when you discover that your property reaps several quotes that have wide disparities at both ends.

The same National Consumer Agency report noted, for example, a three-bedroom bungalow in Midleton, Cork. The home had estimated rebuilding costs pegged at €200,000 and content cover at €50,000. When showed through a number of insurers, the lowest quote was offered at €254 with the highest offer tagged at €700. Taking the time to shop around can save you hundreds of euros in the long run.

Discounts

Your preferred insurer may deduct a few more euros from the premium after the property is evaluated for some favourable items of interest, such as security and fire-protection devices. Recent trends in energy efficiency can also be a factor in future evaluations, if you can show that the property is well-insulated from the elements, or has recently installed energy-efficient systems.

Finding an affordable home insurance quote is never too difficult as long as you’re upfront about the state of your home and your finances. When you take up your options through a reputable brokerage such as Simply Insure, things may change for the better, so why not take out a comprehensive policy today?

Sources
National Consumer Agency publishes latest home insurance comparison survey showing savings of up to €421, National Consumer Agency
Costs of insurance likely to rise again: Experts, Irish Examiner, 26 June 2015