Switching home insurance providers recommended
22 January 2010 09:34:35
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| Britons have been told to shop around for home insurance. |
A new study released by Nottingham Building Society this week revealed that nearly a quarter of homeowners do not have home or contents insurance.
However, Neil Munroe, external affairs director at credit agency Equifax, explained that finding a new deal is always more prudent than cancelling cover altogether.
"Switching providers is always sensible to look at," he said.
"What people need to be aware of though, is being sure to match up what they already have with their new package, or get more benefits for the same price."
Mr Munroe also warned consumers not to fall into the trap of thinking home insurance is unnecessary and then finding that they need to make a claim.
Virgin Money recently noted that being covered is particularly crucial during the winter months as the average claim for a frozen pipe that bursts, for example, is about £3,000.
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Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.