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Home insurance is a general term for two different insurance products. Buildings insurance to protect your property s construction and home contents insurance to protect your moveable household objects and valuables.

The problem is that not all home insurance policies are created equal making it difficult to compare like with like. The areas and level of protection offered vary from policy to policy along with the price. So having a definite idea of what you need to insure and for how much will help minimise the overall time and money spent buying it.

TIP 1: Cut the risk and cut the premium

All insurance protects against the risk of financial loss. So to cut the cost, cut the risk to the insurance company and you ll be rewarded with a lower premium. Here s a quick summary of the most effective measures.

- Call your home insurance company or local neighbourhood watch scheme and they will send you a list of steps to take to make your house more secure.

- Fit locks to all w (more...)

Car insurance companies prefer lady drivers to their gentlemen counterparts because they are considered as much less risky drivers. It is not that the accident rates of ladies are low. They face as many accidents as males do. However, the damage caused by them is not as much in most of the cases. So, their claims after the accident are also less. That is why on an average women s car insurance premiums tend to be 30% lower than that of the male counterparts having same demographic profile.

They drive at speeds lower than men. Hence, accidents caused by lady drivers are not serious. So, even if they might claim as often as males do yet, in all they claim less amounts, giving insurers lesser premiums. Since the male drivers drive at higher speeds so even if they crash on their own, the loss is high. In case, the accident involves two vehicles in high damage state, it becomes an insurance company s nightmare.

A lady is regarded to be a better risk right from the age of 17. There are many premiu (more...)