Insurance is in some cases a legal requirement and for those who have a mortgage it is a requirement from lenders. Home Insurance can be used to protect your property and personal items from unexpected damages, and business insurance can protect your business from many things such as theft, damage, loss of earnings. It can also ensure that you are legally protected from being personally pursued from damages.

Insurance is entirely based on risk and potential loss. A large detached property will typically cost more to insure than a terrace house, but again many factors such as location and type of construction could change this. The cost of not being insured in many cases is usually far more should something unforeseen arise.

Having no claims will greatly reduce your premiums. Having a higher excess will also bring down premiums and paying for your premiums in one lump sum rather than monthly works out cheaper too.

Making a claim need not be a difficult process, and it is something that can be done quickly. As part of your Insurance policy there will be a number to contact and you can make the claim over the phone. You may be asked for supporting documents, and a representative may come to inspect the damages as part of the claim.