Re-evaluate your Home Insurance Policy

Kwik Fit Insurance (KFI) said that almost half of Britons are going for Household Insurance cover with the least possible contents listed because of the worsening economic condition. People under twenty-five and those living with pensions account for the largest category and have been told that in an attempt to save a little they might forgo more than what they would have in terms of premium.

Individuals are finding it tough to maintain premiums in difficult times and are therefore cutting costs by sacrificing household insurance. People are looking for various means to lower their premiums and reduce costs, says Brendan Devine from KFI. However, he said that we are asking people to think very hard before cutting costs, because if the worst happens then they have to shell out a lot more for things which have not been insured.

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