Home Owners Insurance -- Seven Proven Tips

You can enjoy high value coverage without breaking the bank. The two things that that keep you from enjoying a better rate at the moment are relevant information and a commitment to use the recommendations you get -- Nothing more. Following is a list of steps that will help you reach this goal...

1. Don't insure your house along with the land it is standing on as this will cost you more but very unnecessary. Folks do this ignorantly. You have made the same mistake if you insured your house for the price you bought it without finding out the cost of the land it is built on and deducting it.

For those who've mistakenly done this, call your agent and check your home insurance coverage again. Subtract the value of your land and use only the cost of your house and its contents.

With such a review you will reduce your premiums considerably and still leave with sufficient home insurance coverage. Always remember that insuring the land your home is standing on is plain waste of money because it does NOT give you any added advantage.

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2. Your credit history has a serious impact on your rate. The poorer your credit rating, the higher the rates you get. If your credit rating is poor then you've NOT been faithful in paying up your bills. This is a pattern that most insurers believe will be exhibited in the way you treat your premiums. This makes you a bigger risk and therefore attracts a higher rate.

Therefore, it will do you much good to pay all your bills promptly. You'll get lower rates if you do.

3. Yearly premium payments will save you a lot when compared to monthly payments. An insurance carrier sends 12 notices for monthly payments as opposed to one for yearly payments. This increases their overhead.

If you add to the fact that each check you cut is considered a transaction by their bankers, you will see that they still pay some more on transaction fees for each check you pay in. 12 checks mean 12 transactions and will attract Twelve separate fees.. These and other charges so incurred by your insurer are ultimately borne by you, the policy holder..

Therefore opt for yearly payments instead if you want to make savings through this means. What you'll save could be as high as 8.5% of your total monthly premiums over the course of just one year.

4. Make the exterior of your house fire-safe and you will reduce your home insurance rate. Do you have things that could likely aid combustion close to your structure? They will make you get higher rates. Although cutting bushes around your home looks mundane, you will get lower premiums if you do keep them at a distance of at least ten feet from your structures. This is because how fire-safe a home is goes a long way in determining what it will cost to insure it.

5. You'll get cheaper rates if you've got motion-sensitive lighting on your property. Your house becomes a no-go area for thieves since they'll be noticed easily. Your rate will be reduced once you've lowered your home's risk of burglary with this kind of lighting.

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6. Dead-bolt locks on all your exterior doors will help you attract a lower rate. They will make it harder for burglars to get into your house. And as you know, the lower the risk of burglary in a house, the more affordable rates it will attract.

7. Fitting window locks on each of your windows will help reduce your home's risk of burglary. Look forward to attract far cheaper rates if you've windows that have burglary-proof bars If you're not one of those people who have a deep hatred for such, they'll help you get huge discounts. If you are not one of those folks who insist that having such makes them feel imprisoned in their own home, have them fitted if you intend to lower your home insurance rates considerably.
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