Buying a new home is a big step, especially for first time buyers. There seems to be an endless list of things to cover, such as conveyancing solicitors , mortgage companies and much more besides. One of the most important things to find though is good insurance.
Although most mortgage companies offer a house insurance as part of the package, this may not necessarily offer the best value for money. Indeed, some include this as one of their profitable add-ons.
You can look for your own home insurance through a couple of methods. Most insurance companies listed in the yellow pages have a free phone number to call, and this is a good first step. It shouldn't take more than a half hour to phone around a few companies to get some ideas of prices.
Another option is to do some research online. By looking at price comparison sites, you may need to enter your details only once, and then a list of quotes will come up from a range of companies. Again, this would not take too long, and could result in some quite significant savings when comparing the most expensive to the cheapest.
The most important thing is that the insurance should be suitable for your property, and conform to whatever your mortgage company requires of it. For instance, if you intend to rent a room out to a lodger, then your insurance policy should cover this.
