Receiving your home insurance renewal letter in the post may have you wondering if you need to change your current home insurance policy. We always recommend that you review your insurance policy each year before you renew. An important step of reviewing, and renewing, your home insurance policies is to ensure that you have correctly updated your insured values, in particular your contents value. If you so wish, you can also change your level of insurance coverage, along with adding additional extras to help extend your insurance cover.
Why do I need to update my contents value?
If you avail of AXA’s comprehensive Buildings & Contents Insurance, or our Contents Insurance it is highly important to update your contents value each time you renew your insurance policy. Each year you may find that you have collected new items that you may want to protect, such as new furniture, new electronics, or jewellery. Or perhaps you have items that have depreciated in value from the previous year, which also impacts the value of your contents. It is highly important each year to go through your home and make a list of items that you want to protect and to consider the value of these items.
Your policy documents include the terms and conditions, which are important to read so you fully understand how claims are settled. This is important to know because the value you place on an item is not the settlement value as typical wear and tear of items do apply.
How do I renew my home insurance policy?
At AXA, we aim to make your home insurance renewal process as straightforward as possible. We will notify you of your renewal in advance and the letter will include all the details you need to renew your policy. The easiest way to renew is by logging into your MyAXA online account. Through your MyAXA account, you can renew your policy, and make the necessary changes such as adding additional extras. If you so wish. Otherwise, you can also contact our dedicated home insurance team on 0818 7 365 24, and we will guide you through the renewal process.
