| Deductible stance |
Higher deductible to hold the premium down; you fund small losses yourself. |
Mid deductible set at an amount you could pay this month without borrowing. |
Low deductible so almost any claim is worth making. |
| Settlement basis |
Indemnity — depreciation deducted on contents and older roofs. |
Replacement cost on the structure, indemnity on selected contents. |
Replacement cost throughout, with extended rebuild allowance. |
| Liability approach |
Carrier minimum, suitable when there are few third-party visitors. |
Raised liability limit, which is typically inexpensive to increase. |
Raised limit plus an umbrella layer across home and motor. |
| Usual endorsements |
None, or a single named item. |
Accidental damage and named valuables. |
Accidental damage, valuables away from home, business equipment, legal expenses. |
| Suits |
Renters, newer homes with no mortgage condition, strong cash reserves. |
Most mortgaged households and single-vehicle families. |
Older or extended properties, home-based trades, households with high-value contents. |
| What to watch |
A moderate claim can cost more than several years of savings on premium. |
Endorsement limits still need checking item by item. |
Avoid duplicating cover you already hold through a bank card or trade body. |