Sign up to be part of...
Home sweet home
Date Added: 2009-09-04
Are you paying too much for your home insurance? Dean Laming, Commercial Director of Salon Gold Insurance explores some of the common issues faced
by customers…
According to recent research commissioned by The Daily Telegraph, Britons who simply renew their home insurance policies may be paying a combined £508m more than necessary each year. In simple terms, that means that homeowners could be overpaying by £180 a year on average. The research found that a quarter of homeowners could pay less than their renewal quote or current policy premium by shopping around. It is very important when looking for your home insurance to also bear in mind the covers being offered out there. These can vary from insurer to insurer and you may get a bargain price but are you adequately covered? salon with them the next morning. So will you be covered?
Well, your salon policy is likely to cover the products whilst they are in transit to from your home, salon or the wholesaler but what about when they are in your home overnight? Your salon policy will only provide cover whilst the goods are at the salon and your home insurance policy will almost certainly not cover business stock or contents. So in the case of a theft, you could be left without any cover! At Salon Gold, we have designed a new home insurance policy that would not leave you in the lurch in situations such as the one above. Our “Complete HomeCover” product is a comprehensive home insurance policy tailored specifically for those in the hair and beauty industry, with cover for up to £5,000 of business stock and equipment at home.
In the current climate, everybody is keen to save money but if disaster should strike, you need to be confident that you have the right cover in place with a reliable and financially secure insurance provider. After all, if times are hard, you are less likely to be able to fund any damage yourself if your insurance company does not pay out. So in times of recession, getting the right cover at the right price is critical. All too often I come across customers that are unable to purchase covers to protect them fully simply because of the gaps in cover between a standard business insurance policy and a standard home insurance policy.
For example, how often do you visit the wholesaler on your way home from the salon? The majority of hairdressers I speak to will often stop off and pick up a stock of colours or products, take them home overnight and then take them in to the salon.
So if you have a Salon Gold policy AND a Complete HomeCover policy, you will be covered for business stock and equipment whilst at the salon AND at your home.* How about your business money? Our Salon Gold customers often take money from the salon home overnight before taking it to the bank the next morning. Your salon policy will provide cover for up to £500 of business money kept at home but what if you are taking home more than £500? Business money will not be covered by your home insurance policy. The solution – Complete HomeCover – provides cover for £500 of business money kept at home. This is in addition to the £500 of cover you get with your salon policy! So you will have cover for up to £1,000 of business money at home if you have a Salon Gold AND a Complete HomeCover policy.* How many salon owners out there use their home occasionally for business use? Whether it is the odd haircut on friends or family or maybe a colour or treatment, are you adequately insured? Your salon policy will provide cover for the treatment risk providing you have work away cover on your policy but it is very unlikely that your home insurance will provide public liability cover for working from home. The solution – Complete HomeCover – provides public liability cover for using your home in connection with your business as a hairdresser or beauty therapist. So if a client visits your home and trips over on your drive for example, Complete HomeCover is there to assist!* What if you have a disaster at the salon? You have a fire or flood for example and have to stay behind to deal with the damage at the salon while the rest of your family go ahead with the pre-booked family holiday that you’ve been looking forward to all year! What do you do? Your travel insurer would not cover you for having to reschedule the holiday in these circumstances and your salon insurer would only pay for the damage at the salon. The solution – Complete HomeCover – provides cover for the cost of one return air or rail ticket up to £500 in the event that as a result of an admitted claim over £2,500 under your Salon Gold policy, you have to reschedule pre-booked holiday travel arrangements!* These are just some of the additional benefits that we’ve put together based on the common issues faced by those in the hair and beauty industry. All these covers are great but we know that you’re all canny business people looking for a good deal on price as well! Don’t worry, like our Salon Gold product, Complete HomeCover has been designed to provide maximum cover at minimum cost. It’s really easy to arrange, there are no forms to fill in, just give us a call with your current insurance details and we’ll do the rest! You can be fully insured and benefiting from these unique covers in minutes! Don’t be one of the millions of people paying too much for their home insurance; trust Salon Gold to provide you with an excellent value policy that gives covers which are not available anywhere else.
Complete HomeCover
Key Benefits
• Easy to arrange
• No forms to complete
• 24 hour claims helpline
• Legal Expenses cover included
• Legal helpline
• Download legal documents
• Free Will writing template
• Accidental damage cover included
• Cover for loss of keys garden plants office equipment business stock and equipment business money public liability for business use holiday cancellation
• Extra discounts when you insure Buildings and Contents
