Home Owners Insurance -- Seven Tested Tips

You can enjoy high quality coverage without paying top price. You only need the right tips and the motivation to practice what you'll be taught to get a cheaper rate. Below are a few steps that will help you achieve this goal...

1. Make sure you do NOT forget to subtract the land's worth from your home's cost while applying for a home insurance policy. Folks do this ignorantly. You have made the same mistake if you insured your home for the cost you purchased it without finding out the cost of the land it is standing on and deducting it.

If you made this mistake quickly call your agent and review your home insurance policy. Deduct the land's price and you'll find out that you'll need far less coverage.

Doing this will lower your rates by a huge margin and still have adequate home insurance coverage. Since insurance is for things that you can't afford to lose, insuring the land which can neither be lost or damaged isn't a smart move.

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2. Your rate is partly determined by your credit rating. The lower your credit rating, the higher the rates you attract. If your credit rating is poor then you've been missing important payments. An insurance company takes this to mean that you are not financially very responsible and will likely default in paying your premiums. This makes you a bigger risk and so attracts a higher rate.

So do your best possible to pay all your bills in a timely manner. Apart from the other benefits in doing so, it will ensure you get lower home insurance premiums.

3. Electing to pay your premiums monthly results in more expensive premiums than you would pay if you decide to pay annually. A strong reason for this is the cost an insurer incurs by posting you 12 bills instead of just one annually.

Furthermore, each check you send attracts its own transaction fees too. twelve checks are 12 transactions which attract 12 separate transaction charges. These and other costs so incurred by your insurance company are ultimately passed over to you, the policy holder..

Therefore, you will get cheaper rates if you choose to pay your rates yearly. You could save up to a month's premium within a year.

4. A fire-safe home exterior will help bring down your rates. You'll be doing the right thing if you ensure there's nothing that is inflammable close to your building. As easy as it seems, cutting back bushes and keeping them up to ten feet from your structures will help lower your premium. This is because how fire-safe a house is goes a long way in determining what it will cost to insure it.

5. You will as well get a discount if you have motion-sensitive lighting on your property. Your house becomes a no-go area for thieves because they'll be spotted easily. The risk of burglary is a strong factor in determining a home's risk to an insurer and, by extension, your premium.

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6. Make sure every door that leads outside has dead-bolt locks. It's harder for burglars to break into homes that have such locks. The more fortified your home is against burglary, the better the risk taken in insuring it.

7. Fitting window locks on each of your windows will help lower your home's risk of burglary. Expect to attract far cheaper rates if you've windows that have burglary-proof bars If you're not one of those folks who feel so uncomfortable with such, they'll help you get huge discounts. Therefore, if you are not bothered by having burglary-proof bars in your house, have them fixed and you'll pay a lot less in your home insurance rate.
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