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Why you should be wary of cheap Home and Contents Insurance?

March 18, 2016

Plenty of insurance companies offer ‘off the shelf’ home and contents insurance products at very competitive prices. What you may not realise is that these kinds of insurance products have usually been built down to a price. So although you pay less, you also get less if and when you need to make a claim.

This is why we advocate choosing a quality insurance product that covers you comprehensively, so you and your family know that if things do go awry, you’ll be looked after the way you deserve.

How a good insurance broker helps

An insurance broker works for you, not a single insurance company or shareholders, which means they have your best interests at heart. A good insurance broker takes into account your circumstances, then negotiates on your behalf for lower premiums.

There are other key benefits to using an insurance broker for home and contents insurance.

  • An insurance broker’s key concern is that anything ‘promised’ by an insurance company is honoured.
  • If you do need to claim on your insurance, an insurance broker knows the fine details of your policy and can make sure you get compensated appropriately.
  • In turn, you are likely to achieve a far greater result then if you were to hold a generic policy with an insurance company with competing interests.
  • The services of an insurance broker don’t necessarily cost more. In many cases, the cost is less as they are able to use their intimate knowledge of the insurance market to pinpoint competitive home and contents insurance.
  • And finally, an insurance broker is a lot like a lawyer or an accountant. They have years of training and experience, and can use their knowledge to get you the best possible cover and claim follow-up.

The dangers of cheap home and contents insurance packages

Be wary of company’s that push cheap packaged insurance solutions, as these often don’t cover you as comprehensively as you may think.

At Trident Insurance Group, our home and contents insurance packages are measured and adjusted based on the needs of our clients. No individual is the same, and we believe you achieve greater value by paying competitive premiums for insurance you are likely to really need.

If you’d like your home and contents insurance reviewed, or want to take out cover for the first time, please contact our insurance brokers.

 

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