Getting building insurance or home insurance cover takes the pain out of repairing your home when you’re in a tight spot. This article will show you how to pick an option that works for not just your home, but your budget too.
Don’t Settle for the First One You Get
Compare as many building insurance quotes as you can to be certain you are getting the best value. With that said, you’ll generally find that comprehensive cover is one of your best options. It usually covers a variety of options and aims to assist you in the case of any home emergency.
Don’t Lie About the Real Value of Your Home and Property
It can be tempting to want to understate the real value of your home and property. Many people do this hoping it will lower their monthly premiums. This, however, can backfire if something happens to your home and you find yourself underinsured. Home repairs can be costly. You don’t want to find yourself in a situation where you have to fix your home out of your own pocket.
Be Sure Not to Skip Payment on Your Premium
There are dozens of companies that offer building insurance in South Africa. None of them will be very helpful in an emergency should you skip payment on your premiums. Make sure to check your budget every month to see what money is going out. Make sure to ‘red flag’ any issues with your bank should you find incorrect debit orders.
Keep Your Insurer in the Loop About Developments to Your Home
Making renovations to your home can be exciting. Just don’t forget that this is all information that your insurer needs to know! Any change to the structure of value of your home and property needs to be communicated in time with your insurer. This gives you both a chance to make sure that any changes are comprehensively covered.