Homeowners Insurance -- 7 Tested Tips

You can enjoy high value coverage without paying top price. You just need the right information and the motivation to practice what you'll be taught to start enjoying a better rate. Let's get into the ideas you need to enjoy cheaper rates...

1. Ensure you do NOT fail to subtract the land's cost from the home's value as you apply for a home insurance policy. People who ignorantly do this are paying a lot more than would do them any good. Insuring your home for the purchased price without deducting the land's worth is a big mistake.

If you did this quickly call your agent and re-evaluate your home insurance policy. Deduct the cost of your land and use only the cost of your house and its contents.

With such a review you will lower your premiums considerably and still have enough home insurance coverage. Since insurance is for valuables 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. The amount you pay is influenced by your credit history. The lower your credit rating, the higher the rates you attract. If your credit rating is bad then you've NOT been faithful in paying up your bills. This is a behavior that most insurers believe will be exhibited in the way you pay up your premiums. This marks you out as a bigger risk and so justifies a higher rate.

It will, therefore, be a good step to do something about making your credit rating better. You will get lower premiums if you do.

3. You will get cheaper rates if you choose to pay your premiums yearly and not every month. A strong reason for this is the cost an insurer incurs by posting you 12 payment notices instead of just one each year.

As if that was NOT enough expense, each check you send attracts its own transaction fees as well. twelve checks mean 12 transactions which incur 12 separate transaction charges. And, believe it or not, these additional costs are ultimately built into your rates.

Therefore opt for yearly payments instead if you intend to save through this means. What you will save could be as high as 8.5% of your total monthly premiums over the course of just one year.

4. A fire-safe home exterior will help lower your rates. Having things that are quite inflammable or that aid combustion close to your building will make you pay more expensive rates. Bushes near your home should be cut and maintained at not less than ten feet from your structure. This is because how fire-safe a home is goes a long way in affecting what it will cost to insure it.

5. You will also enjoy a discount if you have motion-sensitive lighting in your home. Burglars will keep off from places where their movement will be easily observed. And motion-sensitive lighting does this exactly. Your rate will be lower you have reduced your home's risk of burglary through this type of lighting.

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6. Dead-bolt locks on all your exterior doors will help you attract a cheaper rate. This makes it hard for intruders or burglars to have their way. The more secured your home is against burglary, the lower the risk taken in insuring it.

7. Window locks on all windows will help you save because they reduce your home's risk of burglary. You will save even much more if you go further to have burglary-proof bars fixed on every window. Although some people don't like this because it makes them feel like a prisoner in their own house, it really does reduce your premium considerably. If you are not one of those folks who claim that having such amounts to being imprisoned in their own house, have them fixed if you want to lower your home insurance premiums considerably.
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