Make Saving Money Your New Year's Resolution

The start of a new year often brings a desire to make positive changes in our lives, and for many people, one of the most popular resolutions is to save more money. Whether you're looking to build an emergency fund, pay off debt, or work towards a long-term financial goal, finding ways to save can be challenging.

One strategy that can help you reach your savings goals is to invest in home emergency insurance. This type of insurance provides cover for unexpected repairs and emergencies that can arise in your home, such as a broken boiler, burst pipes, or a damaged roof.

While many homeowners may think they don't need home emergency insurance because they have home insurance, the truth is that home insurance typically only covers damage caused by specific events, such as fires, storms, or theft. Home emergency insurance, on the other hand, provides coverage for a broader range of unexpected events that can happen at any time.

Investing in home emergency insurance can be a smart way to protect yourself from the financial impact of unexpected home repairs. You can have peace of mind knowing that if something does go wrong, you'll have help covering the costs.

Here are some of the ways that home emergency insurance can help you save money and reach your financial goals:

1. Avoid expensive repairs

Home repairs can be costly, especially if you don't have the right insurance. With home emergency insurance, you can avoid the financial burden of unexpected repairs, such as a broken boiler or burst pipes. This can help you save money in the long run and avoid you having to find money up front to pay for repairs..

2. Reduce stress and worry

Unexpected home repairs can be stressful and worrying, especially if you're not sure how you'll pay for them. By investing in home emergency insurance, you can reduce the stress and worry that comes with unexpected repairs, knowing that you have coverage to help you through any emergencies that arise.

3. Avoid paying expensive emergency call out fees

Not only can finding your own tradesman be stressful, it can be costly too, with emergency call-out fees costing £50 - £100 an hour with a flat call-out fee on top of around £100 - £150 and this doesn’t include any parts, which could cost from £400 - £500 (depending on the issue).

4. Consider appliance insurance

In addition to home emergency insurance, appliance insurance can also help you save money and protect your home's major appliances. Appliance insurance provides coverage for unexpected repairs or replacements of major appliances, such as refrigerators, dishwashers, and washing machines. By investing in appliance insurance, you can avoid the high cost of repairing or replacing these appliances out of pocket, which can help you save money and reduce stress.