Check what the premium is. This is how much you have to pay.
Checking what's covered
Check what the cover is. This is what the insurance company will pay for. Sometimes you will see other words like sum insured or limit of liability.
Insurance company
A company you pay money to each year. In return, they agree that if something is lost, damaged or stolen, they will pay to replace it.
Go back up to words Check what the level of cover is. This is how much the insurance company will pay for. It is very important that the cover is enough to pay for all the things you own.
Insurance company
A company you pay money to each year. In return, they agree that if something is lost, damaged or stolen, they will pay to replace it.
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Is there an excess? This means you have to pay a bit towards buying something new if it is lost or stolen . The insurance company won't pay for all of it.
Some types of insurance — like some home contents insurance offered by landlords — might not have an excess. But if there is an excess, will you be able to afford to pay it?
Home contents insurance
Home contents insurance means that if something you own is lost, or stolen, or you have a fire in your home, the insurance company will give you money to replace it.
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Be careful!
Check what you are being asked to pay on top of your premium. This will normally be called a policy fee, or commission or brokerage.
The insurance company may also make charges if you want to make changes to what is covered, so you need to check those charges too.
Insurance company
A company you pay money to each year. In return, they agree that if something is lost, damaged or stolen, they will pay to replace it.
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When you buy insurance or take out a loan, the company might also ask you if you want payment protection. This is extra money that you would have to pay.
Check with someone you trust before buying payment protection. You may not need it.
It is really important to buy your insurance from a proper company.
Be careful that you don't buy insurance that you don't need.
Get someone to help you look at what is covered so that you can chose the best deal for you.