This depends on your insurer. ... Martin Lewis is a registered trade mark belonging to Martin S Lewis. Either pay your premium in full, or if you can't afford to, use a credit card with a low APR (or better, a 0% credit card for spending, ensuring your repayments are large enough to clear it within a year). Then try Confused.com* (next cheapest) as it'll mean you've covered all of the big four comparison sites to increase your chances of a cheap quote. It's best to use all four sites, but if you don't have time, we've ranked them in order of the sites that most often return the cheapest quotes so you've the best chance of bagging the top deal. Check if you need to list your big-ticket items separately and if there are any limits. "First of all, they don't all cover the same companies, so covering more than one gives you many more insurers. Comprehensive Home Emergency Insurance. What lock you can have fitted may also depend on how sturdy your door frame is. These cover you for between £50,000 and £100,000. Some insurers have these stipulations in their T&Cs but others, such as Aviva and Direct Line, don't – so make sure you know your provider's stance on this. For example, with Admiral, if you go away for five days or more between November and March, you would only be fully covered if you keep your home constantly heated to 12°C, or turn off your water supply at the mains and drain the water system. As long as you have adequate home insurance, you'll be covered for any damage. Also, don't be in a rush to redecorate your property. Our TravelMoneyMax tool compares 30+ bureaux to max your holiday cash. Even if your goods are valued under £1,000, some of them may not be covered, especially if they are mobile phones or tablets. For convenience, you can ring your existing insurer who – in most cases – will simply 'upgrade' your ordinary home insurance policy into a basic landlord policy. The better your lock, the more secure your home is, and the less you pay for your insurance. In fact, Citizens Advice submitted a super-complaint to the Competition and Markets Authority in 2018 after finding those who stick with an insurer for five years can pay 70% more than switchers. Want us to send our biggest stories straight to your inbox? This info does not constitute financial advice, always do your own research on top to ensure it's right for your specific circumstances and remember we focus on rates not service. Once you've found the cheapest quotes from the screen scrapers, make sure you: Double-check the quotes Click through to the insurance provider's own website to thoroughly read the quote. Barclays - Home Insurance (£2,500 limit) Saga Home, Saga Essential and Tailormade (£2,000 limit) John Lewis Finance - Home Insurance (£1,500 limit) Age Co (formerly Age UK) - Home Insurance (£1,500 limit) M&S - Standard and Premium (£1,250 limit) So be aware they often feed your personal details to insurers. Martin Lewis, founder of MoneySavingExpert.com, detailed how to save hundreds of pounds in an email to subscribers earlier this year. Martin revealed his 'golden rule' to making sure you don't fall for price walking insurers: "The golden rule, when it comes to getting home insurance, is never just auto renew. One final option is to try speaking to a broker about your individual circumstances (find one on the British Insurance Brokers' Association website). But it can cut the cost if you don't want to switch insurer. Insurers ask what type of lock you have, so you risk invalidating your cover if you put down the wrong type. Homeworkers: I'm working from home. Save money on home insurance & contents insurance with MoneySavingExpert's guides. Save money on home insurance & contents insurance with MoneySavingExpert's guides ... Martin Lewis is a registered trade mark belonging to Martin S Lewis. Some insurers will cover your computer or work phone automatically, others may not. Also, if you're insured with Policy Expert and leave your home unoccupied for 15 days or more during November until the end of March, you may not be fully covered unless you've set the heating at a continuous minimum temperature of 14°C or have switched off your gas and water supplies at the mains. If you're worried about work during the coronavirus crisis, this guide looks at your rights if you're self employed, including what help's there for limited company directors. While you're there, it's worth playing with the policy details to see if you can finesse the price down. A higher excess will lower the cost of your premium, with the insurer paying less if you have to make a claim. If the company won't help, Resolver also helps you escalate your complaint to the free Financial Ombudsman Service. Some contents may also be covered, for instance electrical goods, but if you spill paint on your carpet, it's unlikely to be covered. So new-for-old is the best way to go. Haggling often won't get you the market's best deal. We ran some quotes on a price comparison website. If you can't afford to cover a large chunk of the cost if you need to claim, don't set a high voluntary excess, as you'll have to pay that as well as the compulsory excess. A number of providers insist these items are specifically named on the policy, regardless of their value. There's also usually only limited cover for accidental damage (see add-ons below). Whether your working equipment will be covered varies from policy to policy. 20 October 2020. (next cheapest) as it'll mean you've covered all of the big four comparison sites to increase your chances of a cheap quote. In the video above, Martin reveals his golden rule to renewing your home insurance. So if any of the providers below are among your cheapest on comparison sites, use the links below to buy instead and get the voucher thrown in too. The ABI says people shouldn't rush into throwing away damaged items, unless they're a danger to their health. I don't know which type of lock I have, Beware monthly repayments, they're really a loan, Consider if you really need add-ons such as mobile phone or accidental damage cover, Working from home? If your insurer can beat or match your best quote, it saves the hassle of switching policy. You can't have had an Intelligent Insurance policy in the last 12 months. Always remember anyone can post on the MSE forums, so it can be very different from our opinion. Fail to let your insurer know (and, just as important, your lender!) Those with a chequered financial past – such as bankruptcy or county court judgments – may struggle too. If you still haven't found a deal you're happy with, or want to push the envelope, there are some more options. Aviva*, Churchill and Privilege will allow you to buy a policy up to 90 days ahead, while John Lewis Insurance is valid for up to 60 days. Expensive purchases such as high-end laptops and jewellery (including engagement rings) may not be covered if they were bought after your policy was taken out. Note: It may not be cheapest if you've standard needs – it specialises in cover for unusual properties and situations, eg, people in flood-prone areas, unoccupied or listed buildings, or those who have a chequered financial past. Martin also sounded a warning to those loyal to a certain price comparison site: "Don't just use one price comparison site. Here's what you need to know, Coronavirus Self-Employed & Small Limited Company Help, Scottish Power to take on Yorkshire Energy's 74,000 customers, Martin Lewis: Working from home due to coronavirus, even for a day? Accidental damage included as standard. "You get your quote in the first year and it will be competitive," Martin told the duo. 'All risks' includes property taken outside your home such as wallets or jewellery, legal cover pays for legal representation or disputes. https://www.idealhome.co.uk/news/martin-lewis-home-insurance-229857 Some large competitive insurers aren't included by comparison sites, only offering their products directly. The provider only pays out the current value of your possessions. Make sure you keep any receipts as these will form part of your claim. as our analysis shows it gives the cheapest quote most of the time. It also doesn't cover damage due to wear and tear. The ABI's stance was echoed by major home insurers Axa, Aviva, Churchill, Direct Line, Esure, Hastings, LV and More Than when we asked them. Plus, it's usually a condition of most mortgages that you have valid home insurance while you have the mortgage. It may affect any potential claim and your level of coverage, as most insurers will only cover you on a proportional basis. Contents insurance. Where they do, the five-lever mortise deadlock conforming to BS 3621 is normally the best, followed by the same lock but without the kitemark. Even if it means the lock doesn't pay for itself in year one, it's an investment, so it will in the future. "Comparison sites, aren't really comparison sites, they're market places. to boost your chances as it was the second-best site at returning cheap quotes. Your policy might cover them too, For all the latest deals, guides and loopholes - join the 12m who get it. The British Standard kitemark is stamped on the metal plate, so it's easy to see – it's heart-shaped with an 's' in the middle. Without an approved lock, it's difficult to find a policy giving you theft cover. Curabitur varius nunc in mi bibendum bibendum. If you're struggling to find cover, eg, due to living in an area prone to flooding or subsidence, or because you have a chequered financial past – such as bankruptcy or county court judgments – see the 'I'm struggling to find cover' tab above. John Lewis Home Insurance is underwritten by Royal & Sun Alliance Insurance plc (No. Here, the payout should be for the original price of the items, though for clothing there's usually a wear and tear deduction. Your cover should also protect you against subsidence (a shifting of the ground, which can cause your house to sink). Plus the editorial line (the things we write) is NEVER impacted by these links. If you've a stash of high value items, there may be a limit on the insurance. The same hikes don't apply to homemakers (housewives/househusbands). Some groups, such as those in areas prone to flooding, subsidence or whose home is left unoccupied for long periods, can find it difficult to find cheap insurance cover as they are considered too high a risk. Get our Free Money Tips Email! In these situations, providers Intelligent Insurance* (see below how to get a £55 Amazon e-gift card) and Home Protect* may be able to help. Don't miss out, How to choose home insurance video, with Martin Lewis, The minimum legal age to play the National Lottery is set to rise from 16 to 18 next year, as the Government plans to crack down on problem gambling. Some insurers will have a separate excess for both parts of your policy, which means a claim affecting both the structure of your home and its contents, such as a flood, will result in a double deduction. Its stance of putting consumers first is protected and enshrined in the legally-binding MSE Editorial Code. 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