In the midst of a cost-of-living crisis, home insurance may seem like a luxury, but experts are warning that having the right coverage is crucial to avoid bigger expenses later on.
To shed light on this issue, the team at home and property experts Alan Boswell Group have delved into how UK homeowners could unknowingly void their home insurance, along with the potential costs and ways to mitigate these risks.
Heath Alexander-Bew, an expert at Alan Boswell Group, emphasized the importance of avoiding mistakes with your home insurance, stating that accurate and up-to-date coverage is essential for safeguarding your property and financial stability.
According to Alexander-Bew, notifying your insurer if your property will be empty for an extended period is crucial, as leaving your home vacant for too long could result in costs of up to £3,000 due to theft or damage risks.
The team at Alan Boswell Group has outlined nine common mistakes that could invalidate your home insurance, such as risky renovations, running a business from home, and entering incorrect details for your cover. By addressing these issues and ensuring accurate information is provided to your insurer, you can protect your home and investment.
So before you embark on any major renovations, start a home-based business, or even post vacation photos on social media, make sure to review your home insurance policy to avoid any costly surprises down the line.