We are all well aware that home insurance is an essential financial vehicle to protect a property and its contents. Many industry experts warn, however, that it will not be long before these premiums once again rise throughout Ireland. It is, therefore, important to look over a few key pointers when searching for a policy that will help save time and money.
Compare quotes from at least three different firms. One of the best ways to accomplish this is through the use of objective third-party portals. In a matter of minutes, the most applicable prices within the Irish market will be displayed in a side-by-side fashion.
The Almighty Deductible
A deductible is the amount of money that needs to be paid before the policy becomes activated. This figure can be viewed much in the same way as a down payment on a vehicle. As should be expected, the lump sum will differ between providers. Given that a deductible can represent a sizeable portion of one’s short-term income, the payment should be made absolutely clear from the onset.
Fixed or Variable Interest Rates?
Finally, home insurance policies can be chosen with either fixed or variable interest rates. Whilst variable rates may fall over time, they can also rise substantially. Those who wish to know exactly what they are paying for the lifespan of the coverage may, therefore, be better off choosing fixed interest rate insurance.