Reducing the amount of cover could cause problems in the future says BIBA
A spokesman for the British Insurance Brokers Association has stated that reducing the amount of cover on your home insurance could cause problems in the future.
Trying to save money on your home insurance premium by reducing the amount of cover you have is not a good idea as you are risking the chance that if you need to claim for something you might not have the adequate cover. This could then be a huge financial burden as you will have to foot the cost of the repairs yourself, which could be expensive.
Homeowners should think very carefully first before thinking of reducing the amount of cover.
You should take the time to compare home insurance policies first before cutting back on the cover. Take a look at our comparison table for the best providers with their features and discounts.
For more information on home insurance policies go to our comparison table.