Homeowners Insurance -- Seven Proven Tips

Contrary to what you might be made to believe, it's a lot easy to get a lower rate. All you have to do to achieve this goal are little bits of information (that you'd have to implement, though). Let's look at a number of sure-fire ways to get more for a lot less...

1. It is more expensive but needless to insure the land on which your house is standing. People who ignorantly do this pay for more insurance than would be of any benefit. They just insure their home for its complete value without deducting the land's cost.

If you made such a mistake, you'll have to review your home insurance coverage and check it again with your agent. Deduct the land's value and you will discover that you'll need far less coverage.

This implies that you'll pay far less on home insurance. Bear it in mind that insuring the land your home is standing on is real waste of money because it does NOT give you any added advantage.

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2. You will pay more or less depending on your credit rating. People who have excellent ratings pay far less than those who have low ratings. What your credit rating shows is how you have handled your bills and it speaks badly about you if it is a poor one. No insurer is happy with this as it shows a pattern you are quite likely to repeat in the payment of premiums. If you are seen as a likely defaulter, it makes you a higher risk and draws more expensive rates than otherwise.

Therefore, it is a wise decision to pay all your bills promptly. You will attract cheaper rates if you do.

3. Choosing to pay your rates monthly results in higher rates than you'd pay if you choose to pay annually. This is because posting 12 bills by mail monthly costs your insurer much.

The cost increases if you include the fact that they pay transaction fees for processing each check you send them monthly. 12 checks mean Twelve transactions and will draw Twelve separate charges.. These and other costs so incurred by your insurer are eventually borne by you, the policy holder..

Therefore choose yearly payments instead if you want to make savings this way. What you will save could be as much as 8.5% of your total monthly payments over the course of just one year.

4. Ensure that the exterior of your home is fire-safe and your rate will be more affordable. You'll do well if you ensure there's nothing that is inflammable around your home. Even though cutting bushes around your home looks mundane, you will get lower rates if you do keep them at a distance of at least ten feet from your structures. The risk of fire in a home is one very strong issue that influences your home insurance rate.

5. Motion-sensitive lighting lowers your home's risk of burglary and, therefore, helps you get cheaper home insurance rates. Burglars naturally do NOT like to operate in any environment they could be easily noticed or caught. Your rate will be reduced once you've reduced your home's risk of burglary through this type of lighting.

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6. Do ensure that every door to the exterior has dead-bolt locks. They will make it harder for burglars to break into your home. And as you know, the lower the risk of burglary in a house, the lower premiums it will get.

7. Window locks on all windows will save you a little since they reduce your home's risk of burglary. You will save even much more if you go further to have burglary-proof bars fitted on all of them. If you're not one of those folks who feel so uncomfortable with these kind of fittings, they'll help you get reasonable discounts. If you're not one of those folks who insist that having such amounts to being imprisoned in their own house, have them fitted if you intend to lower your home insurance rates considerably.
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