Homeowners Insurance -- Seven Tested Tips

It's really very easy for everyone to find adequate coverage at a low price. The only things that that keep you from attracting a more affordable rate at the moment are relevant information and a motivation to use the recommendations you get -- That's all. Let's get into the tips you need to attract more affordable rates...

1. It is more expensive but needless to insure the land on which your house is standing. Those who ignorantly do this pay for more insurance than would be of any benefit. Insuring your home for the full price you bought it without subtracting the land's cost is an expensive error.

For those who have ignorantly done this, call your agent and go through your home insurance coverage again. Lower your coverage to the cost of your home and its contents minus the land's value.

This implies that you'll spend far less on home insurance. Since insurance is for things that you can't afford to lose, insuring the land which can neither get lost or damaged isn't right.

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2. You'll pay more or less depending on your credit rating. People who have excellent ratings pay far less than people who have poor ratings. A bad credit rating means that you have not been paying your bills in a timely fashion. No insurer is happy with this as it shows a pattern you're very likely to repeat in the payment of rates. This makes you a higher risk to them and you, therefore, are made to spend much more than someone else with similar profile that has a very good rating.

Therefore, it will do you much good to clear all your bills promptly. Apart from the other benefits in doing so, it will help you get lower home insurance premiums.

3. Electing to pay your premiums monthly leads to higher premiums than you'd spend if you decide to pay annually. An insurance carrier is compelled to send you 12 notices for monthly payments as against one for annual payments. This increases their overhead.

The cost shoots up if you include the fact that they pay transaction charges for processing each check you give them monthly as payment. 12 checks mean 12 transactions and will draw Twelve separate fees.. And, if you really come to think of it, these additional overheads are ultimately built into your rates.

You will get reasonable savings if you begin to pay annually. You could save up to a month's premium in just a single year.

4. Make the exterior of your house fire-safe and you'll bring down your home insurance rate. You'll do well if you ensure there's nothing that's inflammable close to your building. Bushes near your home should be cut and maintained at not less than ten feet from your building. This is because how fire-safe a home is goes a long way in affecting what it will cost to insure that home.

5. Motion-sensitive lighting lowers your home's risk of burglary and, as a result, makes it easier for you to get lower home insurance premiums. Burglars will keep off from places where their activities will be easily spotted. And motion-sensitive lighting does just that. Because thieves keep off from houses with such lighting, you lower your home's risk of burglary and, consequently, your premiums.

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6. Having dead-bolt locks on every exterior door will bring down your home insurance rate. This makes it difficult for intruders or burglars to break in. And since a home's risk of burglary is a key determinant of home insurance premiums, you'll spend far less.

7. Do you have locks on each of your windows? If you do NOT you'll be spending more because of that. You will save even a lot more if you go one step more to have burglary-proof bars fixed on all of them. If you are not one of those folks who claim that having such makes them feel imprisoned in their own house, have them fitted if you intend to lower your home insurance premiums considerably.
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