The rising cost of living is sure to have made an impact in households across Ireland, which may encourage you to look around for the cheapest available products, such as house insurance. Research by the Central Statistics Office recently revealed that many services that you and your home depend on have increased in the past year. The study highlighted figures showing that certain facilities, including those offered by taxis and rail networks, cost more to use in the last 12 months, which can have a negative impact on household budgets.
In addition, you are also likely to be paying more to be connected to the internet and your phone bills may have risen. The report also showed that energy prices in Ireland are on the increase, while utility fees may have gone up. Despite the economic slowdown, statistics released from the organisation reveal that some marketplace costs are shrinking. If you have recently purchased furniture you may have been surprised to find a decrease in price. Likewise clothing and food is reported to be cheaper, although dining out has become more pricey.
As purse strings tighten, research by the Financial Regulator shows how you can take advantage of the decrease in fees for some goods and services. Companies are keen to attract customers, which means you are likely to find great deals on products, such as your home insurance. Indeed, if you were to spend a few minutes shopping around for your home insurance you can expect to save €320 every year, according to figures released by the official body.
As you begin to search for the most affordable policy you will see that the majority of companies will give you the option to include both your buildings and contents in your insurance. It is recommended that you get a coverage for your premises and belongings, rather than opting for one or the other to save costs. You then be sure that if you were victim to a fire, or other devastating event, that you will receive funds to repair and replace the structural elements of your property and its costly furnishings, if they are included in your policy.
In addition to ensuring that you can start putting your home back together after damaging events, insurers are increasingly offering protection from other occurrences, in a bid to boost competitiveness. For example, you may find while searching for insurance that you can get your freezer contents included in your policy for no extra charge, so if your appliance experiences accidental failure you can reclaim the costs of the spoilt food.
Accidental Damage may form part of an optional extra that can help safeguard your goods from mishaps, while All Risks cover extends the protection of your detailed items to Europe and beyond. |
