Tips on Renewing Your Home Insurance Policy

So you've bought your home insurance policy, set up a direct debit and got on with life knowing you're fully covered should anything happen to your house and possessions. But don't get too relaxed! If you don't regularly check with home insurance price comparison sites to search for a better home cover deal - you could miss out on the same level of cover, or better, for less money.

Why should I regularly review my home insurance policy?

• There's a lot of competition in the home insurance market so it's quite possible to get a better deal than your existing one - especially if you use a home insurance search engine to look for a range of available deals.

• You should also review your contents insurance if you've bought any high-value items (e.g. TV, PCs, jewelry) since the last time you bought home insurance. This is because your home may not now be adequately covered under your existing policy.

• Similarly, if you've built an extension to the property, you may have to increase your level of buildings insurance cover to take into account the increased area.

3 tips to reduce the cost of home insurance

1. Beef up security: If you've had burglar alarms, better locks, external lighting or smoke detectors installed at your home, you could be entitled to a discount. Simply run a new online quote and remember to enter your upgraded security info when prompted.

2. Don't over insure: Taking out home insurance is important but don't be tempted to over insure your house and contents. Buying insurance you simply don't need is a waste of money. For instance, did you know that you only need buildings insurance cover up to the rebuild value of the home, and not its market value?

3. Use a home insurance comparison site: Such as Confused.com, their home insurance customers saved over £180* They compare prices from many of the leading home insurance providers, and quickly return to you a selection of fully underwritten quotes.

*24% of customers who received a home insurance quote between 1st January and 31st March 2009 and provided a best alternative price saved over £180.74.

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Compare home insurance and contents insurance quotes at Confused.com