Homeowners' Insurance -- For Those Who Want Cheaper Rates

Do you want to lower your home owners insurance costs? Then you've come to the the article you need. I'll give you many time-tested tips that will make the difference. Moreover, the tips I'll give to you will NOT compel you to make do with inadequate coverage all in the name of attracting discounts. Here are the tips...

1. Using the same insurer for more than one policy will get you discounts. Insurance companies offer discounts (multi-policy discounts) for insureds who purchase multiple policies from them. But you might save more with different insurers than you'll get from a multi-policy discount.

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2. You lower your homeowners' insurance premium by enforcing measures that will make your house more disaster-proof. You can do this by taking all the inevitable precautions against fire and burglary as well as the following depending on where you reside...

a. Storm shutters will give your home superior protection from wind damage.

b. People who live in areas that are prone to high winds will make their home more secured if they use heavy roofing material. That is apart from the fact that it helps lower their rates.

c. Retrofitting your house for earthquake protection.

d. For people who have trees on their compounds, you'll save yourself in your homeowners' insurance premium if you make sure you cut off every dead or dry branch as these can easily cause injuries or damages that will lead to liability claims.

e. You'll also do well if you keep your trees at a safe distance from your building for many reasons. A tree can help burglars and their branches can also fall off and damage part of your structures. In addition, having these over your roof could seriously lower its lifespan depending on the material employed.

Ask your home insurance agent for other things you should do if you want to bring down your home's risk.

Compare what applying each would cost and by what factor it will bring down your rate. Apply those that justify your expenses and you will attract cheaper rates.

3. Ensure you do NOT make the mistake of not subtracting the land's worth from the home's value while applying for an home insurance policy. A good number of people pay much more than they should on their homeowners' insurance because they make this mistake. You have made same mistake if you insured your house for the price you purchased it without checking the cost of the land it's built on and deducting it.

If you made this mistake quickly call your agent and re-evaluate your home insurance policy. Subtract the land's value and use only the cost of your house and its contents.

Your premium will be cheaper and you'll still have sufficient coverage if you do this right. No matter what you do and who you meet, don't forget that the only things you insure are things that can be stolen or damaged and your land is not one of such.

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4. You pay less if you take measures to reinforce your roof. Take special note of this if you live in the East where high winds are more prevalent. If you want advice on how to strengthen your roof and get discounts for doing so, discuss with your agent. Fixing heavier shingles is a possible way to do it.

5. Maintaining a government homeowner insurance policy could be making you spend a lot more on home insurance than you would otherwise. Certain areas used to find it difficult to get home insurance coverage. Most folks in those regions had just an option: Government home owners insurance offered by a government agency. However, at present there are a number of private insurers who also provide coverage for such regions.

Yes, government homeowners insurance may still be your best option depending on where you live. But for folks whose areas are presently serviced by private insurers, you can expect to pay more affordable premiums than you would with government agencies.

6. Make out some time to visit a minimum of five insurance quotes sites that provide quotes on homeowners insurance policies. Doing this will take you not more than 25 minutes. While you visit each quotes site, ensure you give the same details. Doing otherwise will return misleading quotes. When you've obtained your home insurance quotes, compare them to determine which serves your interest best both in price and value.
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