Your home is your castle, but your wallet shouldn’t feel like it’s under siege every time you pay insurance premiums. Many South Africans overpay simply because they don’t know the clever ways to save on home cover… Or assume their policy is set-it-and-forget-it.
Well, we want you to save. It’s time for a spring clean of your finances and your insurance, and don’t worry, it’s a no mop required situation.
Review your wardrobe cover
You wouldn’t wear old socks on a first date, right? Right? Whew. That’s a relief. Okay, so similarly, we think that this is how you should treat your home insurance. If you don’t review your cover, you could be paying for a policy that includes cover you don’t need or NOT include things you actually want covered.
Ask yourself:
- Do I have enough cover for my home’s replacement cost?
- Are my valuables accurately listed?
- Do I qualify for any discounts based on security features?
A few minutes reviewing your policy can reveal opportunities to save or improve cover without paying extra.
Discounts aren’t just fairy tales
Many insurers offer discounts for things most homeowners already have. We’re talking about additional locks, alarms, gates, and certain building materials. Your policy will reveal these kinds of details, but we can give you a quick idea right here.
King Price rewards you (with lower premiums) for:
- Installing burglar bars or alarm systems.
- Having a fire extinguisher and smoke detectors.
- Paying annually instead of monthly.
It’s like finding hidden treasure, except it reduces premiums instead of adding coins to a chest. Although, you could somehow draw the cash you save from your account and buy gold pennies, which you can then store in a chest… But that’s going a bit far.
Bundle up and save
Why pay separately when you don’t have to? Bundling your home insurance with other policies, like car cover, can give a noticeable discount. Not only does it simplify payments and give you just 1 insurer’s claim process to understand, but you’re also paying less. #Winning.
Trim the extras
Optional extras can be tempting and, in many situations, prove quite useful. Literally take our scratch and dent insurance as an example. With the much lower excess, it’s more affordable to claim for scratches, chips, pieces of tar stuck to your car’s exterior, and dents. Things you’d want to get fixed but wouldn’t want to claim from your main car insurance policy.
You just need to make sure you actually need them. Cover for things you don’t own or rarely use can quietly inflate your premium. Think swimming pools, bikes, or jewellery. If they’re already covered elsewhere, you might be able to drop duplicate coverage.
The king’s final word
Home insurance doesn’t have to be a mystery or a drain on your wallet. By reviewing your cover, taking advantage of discounts, bundling policies, and trimming unnecessary extras, you can keep your castle protected without feeling like you’re feeding the dragon.
A little spring cleaning now could mean big savings over the year, leaving your wallet happier and your home safer.
👉 Curious about King Price home insurance? WhatsApp us on 0860 50 50 50 or click here for a free, commitment-free quote.
FAQs
1. Can I reduce my King Price home insurance premium without losing cover?
Yes, by removing unnecessary extras, adjusting your sum insured, or taking advantage of bundled discounts with other King Price policies.
2. Does King Price offer discounts for home security upgrades?
Yes, installing alarms, gates, or smoke detectors can qualify for premium reductions.
3. How easy is it to update my home contents cover?
King Price allows you to add or remove items online or via the app, keeping your contents cover accurate and up to date.
4. Are there seasonal promotions or benefits I can use?
Yes, King Price offers product-specific promotions and loyalty benefits that can help reduce premiums at certain times of the year.
5. How do I know if accidental damage is covered?
Accidental damage can often be added as an optional cover. Check your policy wording or contact King Price to ensure you’re fully protected.