Business, 27.01.2021 15:20 JuJu4710

Becci and Usman have just moved into their first home. They have been advised by their mortgage provider to take out home insurance. They have just spent a large amount of their spare money on
decorating the house so ideally want to pay for their home and contents insurance monthly
The couple have used a price comparison site to help them compare a number of different policies
However, they are unsure which policy would be most suitable for them.
Figure 1 Home and contents insurance policies
Provider
Halifax
Annual price
£144.13
Total excess
Buildings £350
Contents £350
Hastings Direct
€152.69
Monthly Price
1x €17.79
11XE17.82
Total = £213.81
1x £15.28
11x £14.56
Total £175.44
1x £14.03
11 x £14.07
Total = 168.80
Buildings £350
Contents £350
Lloyds Bank
E153.32
Buildings £275
Contents £275
Question 5 (12 Marks)
Evaluate which home and contents policy would be most suitable for Becci and Usman.

Becci and Usman have just moved into their first home. They have been advised by their mortgage

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Becci and Usman have just moved into their first home. They have been advised by their mortgage pro...