If you’re a childminder, you may notice that finding home insurance can be tricky and expensive. It needn’t be and find out where to find the best deals below.
You may be thinking why I am I writing a post on home insurance for childminders? After all, it’s quite a niche topic. Well, my wife is a childminder and finding suitable insurance was something I struggled with for many years.
Before we decided to sacrifice all peace in our house, when it came to insurance, I would enter our details into a comparison site and choose the best deal. Unfortunately, that doesn’t work if you run a business from home. Many insurers will refuse to give you cover as they see you as a higher risk. Let me tell you, there is far more carnage (and risk of breakage) in my house when we have friends and family around most weeks, compared to having a couple of youngsters toddling around the house.
I am not willing to pay through the nose for insurance, especially when my wife already pays for public liability insurance.
So I gave up on comparison websites. There are specialised companies that offer insurance but as they are specialised, you will often pay more.
Trawling through home insurance providers, I found a pleasant surprise. Nationwide had this little gem in their T&C’s:
That’s right, childminding is not counted as proper work (joking)! The good news is you can mind from home without penalty. No longer do you need to pay extra, for what is very little risk.
I called Nationwide to check the above and they confirmed that minded children are treated as your own.
Please note that the above information is only given when you get to the “Important Statements” part of your Nationwide quote.
It used to be listed in their policy booklets, but they don’t seem to make any mention of it now.
Any other companies offering home insurance for childminders?
The downside with Nationwide is that you need to already hold a product with them if you want to use their home insurance. However, there are two other companies you can use – Direct Line and Churchill. Both of these are mainstream providers and will offer a very competitive price.
All three of these companies are underwritten by U K Insurance Limited. This basically means that they all provide exactly the same product, just at slightly different prices.
When you come to renew your insurance, I recommend getting quotes from all of these insurance providers and just choose the cheapest.
Any other discounts?
Make sure you check cashback sites before getting quotes. In my experience, all three companies appear and disappear from there fairly frequently. At the time of writing, Direct Line is the only company available on TopCashback, offering £10.50 back.
Occasionally, Nationwide also offers a £50 Amazon gift card. Two years ago I managed to combine the gift card with £30 cashback, which meant my annual policy cost less than £80!
If you haven’t used Quidco yet, sign-up and earn £10 when you spend £5 or more.
Or sign up to TopCashback and you could earn £15 back when you spend £15 or more at Mothercare.
Or take a look at my page if you want to know more about cashback sites.
Also, take a look at my review of the Hoop app. It’s free and allows you to find local groups – a great help to any childminder!
I would love to hear back from anyone that has any other ideas when looking for home insurance for childminders.