For every homeowner, it is essential to find an effective way they can protect their home from events like natural disasters, criminal activity, and more. However, one can’t defend themselves or their household from these events. Hence investing in home insurance is quite essential to every homeowner. However, it takes a lot of work to find home insurance, especially insurance that is well-suited for your needs and your household. Therefore searching for reviews of insurance companies like nova direct home emergency reviews or Hiscox reviews. In summary, protecting your house is impossible. Therefore you need to insure your home and household items.

 

Reasons for Home Insurance

 

Two main reasons it is ideal to invest in home insurance are theft or break-ins and natural disasters. Although there are means to protect your home, it’s still wise to invest in home insurance in case of unforeseen events to save money on replacing or fixing damaged or stolen items.

 

Theft and break-ins

 

In 2021/2022, there were 192,060 home burglaries reported in England and Wales, an average of 526 burglaries a day, meaning a house would be burgled every 164 seconds. Most burglaries also happen during the daytime when people are at work, and it has been estimated to occur between 10:00 am and 3:00 pm. Furthermore, because household items like a television, sound system, and so on are relatively low, it is way more beneficial to steal documents, laptops, jewellery, passports and bank cards. In addition to victims of home burglaries feeling vulnerable because the privacy and sanctity of their homes have been invaded, the victims will also have to deal with loss and damage to their property.

 

Natural disasters

 

Common natural disasters in the UK tend to cause significant damage to one’s property. The most common form of natural disaster in the UK is flooding. Although there are ways to prevent flood damage, it is ideal to ensure that you have insurance that can cover your needs. Furthermore, even though other natural disasters, besides flooding, are unusual, they are capable of occurring. For example, a powerful earthquake in Lincolnshire in 2008 caused massive property damage across the South and East of England. Hurricane-like storms can also be expected from time to time, resulting in coastal flooding due to high sea levels. Consequently, you might need to choose specialist flood insurance if you live in a high-risk flood area.

 

How to choose the best home insurance

 

Although cheaper house insurance is ideal, there are other factors to consider when buying home insurance.  When buying your first home, moving, or just renewing your policy regarding protecting your home and your possessions, there is a lot to consider. Namely, building insurance for homeowners, home contents insurance, contents insurance for tenants which will cover your items in cases where you don’t own your own home, contents insurance for students, which covers their belongings while living in student accommodation, and away-from-home cover for when you take your possessions outside the house and accidental damage. If you have precious items such as watches, cameras, jewellery, etc., you should ensure the valuable item’s cover is high enough to cover them all. Furthermore, it’s essential to check for insurance scams as they rise and grow to more than 45% in 2021.