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How to claim for Home Insurance: the three golden rules

Home insurance is there to give you financial support if the worst happens. So if you need to claim, its important that you know what to do.

1. Read the policy carefully

To start with, when you receive the policy document read it carefully to know exactly what you are covered for, any limits or exclusions, and the steps you need to make a claim. For example, if you have been burgled, you will be expected to notify the police as soon as possible. And if anything is unclear, talk to your insurer.

2. Inform your insurer as soon as possible, if you need to claim

As soon as you think you need to claim, tell your insurer. The sooner they know, the sooner they can get your claim moving. If, for example, your home has been damage by fire or flood, arrange any temporary repairs to stop the damage from getting worst. Home buildings and contents policies will include a 24-hour emergency helpline service to give you advice and information.

3. Provide as much information as possible

The more detail information that you can give your insurer about the damage, and what you are claiming for the better.  When claiming for damage or lost items, wherever you have them, provide receipts and any valuations to substantiate your claim.

While insurance cannot guarantee that you will not suffer financial setbacks. It can ensure that any unexpected and unwelcome events will not leave you struggling financially. Home Insurance in particular is one of the very few products that you buy hoping you will never have to use it. But if the worst happens, it will turn out to be one of the best purchases you have ever made.

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

How to prepare for buying a property in the UK

Buying a property in the UK is a huge investment and most times a life time investment and as such must be approached carefully and with the utmost preparation. Below are key points that can help you prepare for buying a property in the UK;

PIPA property photo

  • Build up your savings by reviewing your expenditures downward to increase your disposable income.  If you’ve got loans or credit cards it makes sense to repay them first. This is because the interest you pay to borrow is usually higher than the interest you get on savings accounts.
  • Save for your deposit. Buying a property requires deposit and the more deposit you have the better change of getting a good mortgage deal.
  • Check your credit score and report to make sure its good enough for a mortgage loan. If not you should work towards improving it.

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  • Plan your budget based on the most you may have to pay for a mortgage, try not to take the maximum mortgage on offer, and don’t forget to include mortgage related costs and fees.
  • Work out how long you could live on savings if you lost your job.
  • Check what benefits your employer will provide if you get ill.
  • Consider taking out insurance in case you are made redundant, get critically ill or have an accident.
  • Use mortgage calculator to work out how much a change in interest rates would affect your own loan.

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

How to bleed radiators and optimise your Home plumbing

Bleeding or removal of air from your heating system can be undertaken safely by an average DIYer. However working on gas is not something to attempt as a DIY activity, this should be left to skilled, accredited and registered individuals.

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Wet central heating systems (radiators and other heat emitters) can accumulate what’s generally referred to as air – more accurately oxygen drawn into the system during normal operation or hydrogen formation as a by-product of electrolytic corrosion. This reduces the effectiveness of your heating system and generates excess noise.

If your radiators feel hot at the base but cool nearer the top, this is a sign that there is air in the system. To tackle this you first need to turn off your central heating boiler. Then take a rag and a radiator bleed key, which can be bought from most DIY outlets, and make your way to the highest point on your heating circuit – an upstairs radiator. Insert the bleed key into the bleed valve located at the top of the radiator at either the end of the radiator or behind the radiator. The bleed screw is identifiable by its square head and small size.

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Place your clean rag underneath the bleed screw to absorb the small amount of water that will be released when you turn it, then insert your bleed key into the bleed screw and turn it anti-clockwise to loosen the screw. Never undo the screw completely as it can fall out of the radiator allowing water to escape uncontrollably. If water trickles out immediately turn the bleed key clockwise to close the valve, this radiator is free from air. If air or hydrogen is present a hissing sound will be heard. Leave the bleed screw undone until the hissing is replaced by trickling water. At this point, turn off the bleed valve by turning the screw clockwise. Don’t over tighten the screw as it can be easily damaged.

Hydrogen gas is flammable so ensure that no naked flames are in the room whilst you are undertaking this task. Once you have done all the upstairs and downstairs radiators, the system should be largely free from air.

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk