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With the cost-of-living crisis, weÃÛÌÒÖ±²¥™re all looking for ways to save and sometimes weÃÛÌÒÖ±²¥™re pretty inventive. But there are things in life we canÃÛÌÒÖ±²¥™t plan for. We asked our corporate partner what you need to consider if youÃÛÌÒÖ±²¥™re thinking of cancelling your home insurance policy.  

Expect the unexpected 

  • Your teenage child tells you they need a laptop for their schoolwork. Luckily you found a great deal in a one-off sale. But what if they lose it, or worse, it gets stolen? That assignment deadline isnÃÛÌÒÖ±²¥™t going away. For peace of mind that things get sorted quickly, you can .  
  • You know you canÃÛÌÒÖ±²¥™t afford a total house remodel but a lick of paint on the walls would really brighten things up. What if your brilliant budget-friendly approach to DIY ends with disaster when Fido sees the neighbourhood cat outside and knocks over the can of paint (navy blue, of course) onto your wooden floorboards? To help you with things like DIY disasters, consider having accidental damage cover on your home insurance policy. What if the paint stained the TV at the same time? With you can add accidental damage cover to your buildings or contents insurance, or both.   
  • Imagine coming home from a long day at work, only to notice that your boilerÃÛÌÒÖ±²¥™s broken down. Getting an emergency plumber can be costly, especially if youÃÛÌÒÖ±²¥™re looking for someone reliable. comes with home emergency cover so thereÃÛÌÒÖ±²¥™s someone you can call if your heating system fails, for any internal plumbing issues or even unexpected roofing problems such as leaks or tiles blown off during a storm.

More than 1 in 10 respondents to a  said they would choose to cut back on insurance first if they felt their household budget was being squeezed. While this can reduce your initial costs, think carefully about what would happen if you found yourself facing unexpected challenges.  

Financial wellbeing resources for RCN members

The RCN Welfare Service, in conjunction with Moneyhelper, offers a variety of online support to help you maximise your income. This includes a range of budgeting tools, benefits calculators and advice guides.

There are also money guides tailored to students and nursing support workers, as well as help with cashflow issues, and information on entitlements for carers, those who are self-employed and agency workers.

RCN members get 5% exclusive discount* on LV= Home insurance, providing one of the highest quality offerings on the market. You’re also entitled to 5% exclusive discount* on LV= car insurance, giving you a comprehensive range of features and benefits.

Visit to get a quote and learn more.

*RCN member discount vs general public prices on  and through the call centre.

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