Consumer Corner: Slash your home insurance premium with these simple steps

The Central Bank says thousands of home insurance policy holders are paying over 32% above average on their premium

Should an unforeseen event arise, home insurance offers you both peace of mind as well as potential financial reparations.

Home insurance is one of those things you could pay all your life and never have to use. However, it is essential if you own a home, and the day could come when you have to use it.

The important thing to bear in mind with home insurance is to make sure you are not overpaying for it or indeed underpaying it. Premiums are rising faster than inflation but there are simple, effective ways homeowners can slash their monthly bills.