Homeowner Insurance -- Seven Proven Tips

You can get high quality coverage without paying top price. You only need the right tips and the motivation to implement what you'll be taught to start enjoying a cheaper rate. Let's look at a number of time-tested ways to get this done...

1. It is more expensive but needless to insure the land on which your home is built. Folks do this ignorantly. Insuring your home for the purchased price without subtracting the land's worth is a big mistake.

For folks who've mistakenly done this, call your agent and check your home insurance coverage again. Lower your coverage to the worth of your home and its contents minus the land's cost.

This means you'll spend far less on home insurance. No matter what you do and who you meet, remember 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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2. Your credit history has a huge impact on your rate. The poorer your credit rating, the higher the rates you get. A poor 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 are quite likely to repeat in the payment of premiums. This makes you less attractive to them and you, therefore, are made to pay higher than some other person with the same profile that has a very good rating.

So do all within your power to attend to all your bills in a timely manner. It makes it easier for you to get cheaper rates among other things.

3. You'll get cheaper rates if you choose to pay your premiums yearly and not every month. This is because sending you 12 bills by mail each month costs your insurer much.

If you add to the fact that each check you make out is considered a transaction by their bankers, you'll see that they still pay some more on transaction charges for each check you pay in. 12 checks mean 12 transactions which attract 12 separate transaction charges. And, if you really come to think of it, these additional overheads are ultimately added to your rates.

Therefore choose annual payments instead if you want to make savings this way. 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. Having things that are very inflammable or that help combustion around your dwelling will make you pay more expensive rates. As easy as it looks, cutting back bushes and keeping them up to 10 feet from your building will help lower your premium. Fire-safety is a strong factor that is used to calculate what you pay in premiums.

5. You'll as well enjoy a discount if you have motion-sensitive lighting on your property. Your house becomes less attractive to thieves because they'll be spotted easily. The risk of burglary is a strong factor in checking a home's risk to an insurance company and, consequently, your premium.

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6. Getting dead-bolt locks on all exterior door will lower your home insurance rate. They will make it more difficult for burglars to break into your house. The more protected your home is against burglary, the less the risk involved in insuring it.

7. Do you have locks on each of your windows? If you do NOT you will be paying more because of that. You'll save even a lot more if you go further to have burglary-proof bars fixed on all of them. If you are NOT against this have them fitted in your home and enjoy more affordable rates.
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