The Christmas decorations have been put away, the big clean-up is finished, and there are only a handful of chocolates no one likes left in the tubs. The new year is here and for many of us, that means making plans and promises to make this year a great one. One thing that may easily slip your mind, though, is your home insurance. Is it up-to-date, and are you paying the right amount for it?
If you’ve not given thought to your home insurance for a while, here are five important things to consider so you start this year on the right foot with your cover.
Things to check on your home insurance in 2023
Make sure your Christmas gifts are covered
Your home insurance provider is there to make sure you have cover for your home and everything you want to protect inside it. If you’ve had some high-value or particularly precious gifts over the Christmas period, don’t assume they’re automatically covered by your policy. If you’re unsure, it may be wise to get in touch with your insurer. That way, you can be certain that you have cover that reflects all of your contents, from the very old to the brand new.
When was the last time your home was valued?
One of the biggest factors in the cost of your home insurance is the value of your home and its contents. Of course, it’s unlikely that you would have your home valued every year, but when was the last time you had an accurate valuation? As we’ve all seen, the housing market has shifted significantly in the past couple of years, and a valuation from 2019 can look very different to a valuation for the same house in 2023. An accurate figure is important to ensure you’re not under or over paying for your insurance and to give you peace of mind that your home is properly protected.
Check your insurance reflects your home security features
For many, boosting home security is becoming an increasing priority. It’s widely known that the winter brings a rise in burglaries, but fires and thefts can happen at any time of the year. If you’ve recently increased the security in and around your home with things like CCTV cameras, burglar alarms, or new smoke detectors, let your insurer know! Taking extra steps to keep yourself safe and protect your home could save you money by potentially lowering your insurance premiums too.