Home Insurance
Some people think that home insurance is a luxury they can’t afford. Other people may think it is an unnecessary expense. But having a good home contents insurance policy could be worth its weight in gold if your belongings are lost, stolen or damaged.
Without home insurance, you will need to find the money to replace or repair things that have been lost, stolen or damaged – and this can be very expensive.
Lots of companies offer home insurance policies. A quick search on the internet will bring up a list, but it is important to check the level of cover, read the small print and compare prices. Tandem can only advise you to consider buying home insurance, and to check carefully that the policy meets your needs.
Erimus housing has a low-cost home insurance contents scheme, which is open to all Erimus Housing tenants and leaseholders. Find out more on the Erimus Housing website.
Here are some of the reasons that tenants give for not taking out home insurance, and more information about the Erimus home contents insurance scheme. You could use this information to compare costs and levels of cover between different insurance companies.
I think that home insurance is too expensive
- With the Erimus scheme, cover starts at 55p per week if you are over 60 or a resident in a sheltered housing scheme.
- Cover starts at £1.04 per week for all other tenants and leaseholders
- There is no extra charge if you live in a high risk area
- There is no excess, so you don’t lose any money if you need to make a claim.
I can’t afford to pay a lump sum to buy insurance for the year
- With the Erimus scheme, you can pay weekly, fortnightly, monthly or once a year. The annual cost is the same, however you choose to pay.
I’m not sure I’ll be covered for the things I need
- Find out what is and is not covered – you might be surprised! You can also use this link to download a simple application form.