Time to Check Your Home Buildings Insurance

 

Costs of living are on the rise, and you don’t need to be an expert to know that building costs are also increasing at an unprecedented rate. While you may not be building a house or extension at the moment and believe that rising building costs don’t affect you, we would strongly encourage you to review your Home Insurance Building costs. 

 

Many homeowners don’t know where to start when looking for building insurance, but we’re here to help. We recommend the following website to assist you in finding a correct figure on your rebuild costs and to prevent your property being left underinsured and vulnerable in the event of a claim. 

 

https://scsi.ie/consumer/build/house-rebuild-calculator/ * 

 

*If in any doubt please engage with a professional valuer. 

Over the last decade, and especially since the Covid-19 pandemic, many homes have now invested in log cabins, Seomras or offices in their gardens. Make sure to inform your insurer if you have renovated or added one of these structures to your garden to ensure that it is covered as part of your overall buildings insurance policy. Many people are currently working from home and are unaware that their new addition is potentially underinsured. 

 

Another tip for properly utilizing your home insurance policy is to walk around your home and record your belongings and contents. Just remember, you will need to keep this recording safe. Most of us have picked up valuable items over the years and as time passes, we lose track of the receipts for them. Go from room to room and carry out a quick recording of these items. This will help insurers confirm the losses claimed for in the unfortunate event that you need to make a claim. Many homeowners fail to update this list over the years, preventing them from receiving adequate compensation after an accident. 

 

Do you have items that you take out of the home that are valuable, for example jewellery, watches, or golf clubs? Make sure that you list them on your Home Insurance policy as these too can be overlooked while updating your insurance - And as always, double check your policy to make sure you know what is and isn’t included in your cover. 

 

If you’re looking for further advice, please feel free to call us at 01-8022201 and we can give you the right advice with the personal touch. You can also visit us online at quickquotes.ie and receive a Quick Quote in a matter of clicks.