How To Obtain The Best Contents Insurance Quotes

2007-03-08 10:33:40

( Insurance )



Contents insurance provides protection on your valuable possessions against theft, loss or any forms of damage, which can be caused by certain severe weather disturbances, civil disorder, fire or damage from fallen trees or damage from vehicular accidents.

You must make a complete list of the contents of your entire home with its corresponding value, so that you are ensured of the best contents insurance quotes possible. Missing out on a few items when listing the contents of your home, can cause your insurance premium to increase, or be excluded from the coverage.

To be able to obtain the best quotes on contents insurance premiums is to compare contents insurance quotes. You will need to request for numerous quotes using the Internet, the yellow pages, or by requesting for friends’ recommendations on insurance companies or brokers. Contents insurance quotes differ greatly between companies; therefore, it pays to shop around.

The higher the total cost of the contents of your home, the more expensive your premiums can cost; however, there are techniques that you can follow to help reduce the cost of your premiums:

You can get a volume discount, if you obtain several types of policies from one insurance company/broker.

You can reduce the chances of theft in your home by installing burglar alarm systems and better quality locks on your doors.

For a small monthly fee, you can rent a safety deposit box in one of the banks and store your expensive possessions that are small in size.

By increasing the excess amount (or deductible, as in a car insurance policy), you can lower your premiums greatly. Excess amount is the amount of money that is deducted before the amount of your claim is released to you.

Although not always recommended, you may want to consider insuring your property against the remaining balance of the mortgage of your home. You should only do this if the money that you owe for your mortgage is close to the market value of your home, and if your finances are running low. If your home is valued at a lower price, your contents insurance premium can also be lowered.

Above are only some of the ways to obtain the best contents insurance quotes by reducing the premium; however, you should always remember to keep enough contents insurance coverage that is in proportion to the value of what you own.


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