Homeowners Insurance -- Seven Tested Tips

It's really very easy for you to find the right coverage for a lot less. You just need the right information and the discipline to practice what you'll learn to start enjoying a better rate. Let us get into the steps you need to enjoy more affordable rates...

1. Do not insure your house along with the land it is built on as this will cost you more but very needless. Folks do this ignorantly. You've made the same mistake if you insured your home for the price you bought it without checking the cost of the land it is built on and subtracting it.

If you did this quickly call your agent and re-evaluate your home insurance policy. Reduce your coverage to the cost of your house and its contents minus the land's value.

This implies that you will spend far less on home insurance. Bearing in mind that insurance is for things that you can't afford to lose, insuring the land which can neither be lost or damaged isn't a smart move.

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2. Your credit history has a big impact on your rate. The poorer your credit rating, the higher the rates you attract. If your credit rating is poor then you've NOT been faithful in paying up your bills. An insurance company takes this to mean that you are not financially very responsible and will likely default in paying your premiums. This makes you a higher risk to them and you, therefore, are made to pay higher than some other person with similar profile that has a very good rating.

So do your best possible to pay all your bills in a timely manner. It will help you attract more affordable rates among other things.

3. Choosing to pay your premiums monthly leads to more expensive premiums than you would spend if you choose to pay yearly. This is because posting twelve bills by mail each month costs your insurance company a lot.

If you add to the fact that each check you send is considered a transaction by their bankers, you will see that they still spend some more on transaction charges for each check you pay in. twelve checks are 12 transactions which attract 12 separate transaction charges. And, believe it or not, these extra costs are eventually built into your rates.

You will make considerable savings if you choose to pay annually. You could save up to a month's premium within a year.

4. Ensure that the exterior of your house is fire-safe and your premium will be lower. You'll do well if you don't have anything that is inflammable around your home. Although cutting bushes around your house looks simple, you'll get lower rates if you do maintain them at a distance of at least 10 feet from your building. Fire-safety is a strong factor that is used to calculate what you pay as premiums.

5. You will as well enjoy a discount if you have motion-sensitive lighting in your home. Burglars will avoid any place where their movement will be easily noticed. And motion-sensitive lighting does this exactly. Your rate will be lower once you've lowered your home's risk of burglary through this kind of lighting.

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6. Make sure each door that leads outside has dead-bolt locks. They will make it harder for burglars to break into your home. And since a home's risk of burglary is a major determinant of home insurance premiums, you'll spend far less.

7. Having window locks on all your windows will help reduce your home's risk of burglary. Look forward to pay far more affordable rates if you've windows that have burglary-proof bars If you're not one of those people who feel so uncomfortable with such, they'll get you considerable discounts. Therefore, if you are okay with having burglary-proof bars in your house, have them fixed and you will pay a lot less in your home insurance premium.
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