AIB’s Checklist for Buying Home Insurance

If you’re a home owner, it’s easy to understand why choosing the best home insurance is such an important decision for you. After all, for most people their home is the most valuable asset they own.

If you fail to take the proper precautions, damage caused to your home could have very serious repercussions for both you and your family. The primary reason to buy home insurance is to cover the costs in the unfortunate event where your house is damaged and needs repair work. Additionally, you can choose to cover the contents of your house with your policy.

We understand that making sure you get the perfect home insurance cover for you may be a daunting task, so AIB Home Insurance has come up with a checklist that will get you up to speed in no time.

Choose what to insure
There are some items which are of significant financial value. However, other items are simply of value to you in the sentimental sense. Decide which of these items you could do without and which you could not replace.

Make an estimate of the value of your home contents
Take note of the items within your home that have a high cost of replacement. Get a professional valuation on items such as paintings, antiques and jewellery.

Add new items when renewing your cover
Don’t forget to add newly purchased items to your policy at the time of home insurance renewal. When you acquire something new that’s particularly valuable, check with your insurance provider whether it requires special insurance.

Consider paying a higher voluntary excess
By paying a higher voluntary excess, it is most likely that your insurance provider will reward you with a lower home insurance premium. Prior to the insurer paying compensation, the excess is the first part of a claim you will need to pay yourself.

Examine the policy extras
Prior to taking out home insurance with a new provider, ensure they provide all the services you require. For example, check if the company provides support through a 24 hour support line and Emergency Home Assist-so you can access help whenever you may need it.

For all your Home Insurance requirements, AIB Home Insurance has the cover to suit your individual needs. Don’t miss out on AIB’s amazing discount on new Home Insurance policies. Click here to get a quote today. Offer ends 08/06/2015 and is subject to a minimum premium of €157.50.

Some of the links above bring you to external websites. Allied Irish Banks, p.l.c. is an agent of AIB Insurance Services Limited in relation to provision of general insurance products. AIB Home Insurance is exclusively underwritten by AXA Insurance Ltd. AIB Insurance Services Limited and Allied Irish Banks, p.l.c. are regulated by the Central Bank of Ireland