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What are some of the factors which contribute to why I have a different Home and Contents Insurance premium to my friends or neighbours?

April 26, 2017Contents contribute different factors friends Home Insurance neighbours Premium

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What are some of the factors which contribute to why I have a different Home and Contents Insurance premium to my friends or neighbours?

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Home and Contents Insurance premiums are calculated based on the level of ‘risk’ the insurance underwriters associate with you and your home and/or contents. So simple factors that differentiate you and someone else contribute to the perception of ‘risk’. Risk is affected by the location of the home, what materials the home is constructed from, the security devices installed at the home, and how the home is occupied. For example, not all insurers treat each suburb the same. The frequency of claims is also considered carefully. Scheduled types of personal property are: Jewlry, Fine art, collectables, Guns,. This coverage will give the person the braudest coverage possible. Our underwriting allows us to offer competitive rates.