Homeowners Insurance -- Seven Sure Tips

It is truly very easy for you to buy adequate coverage at a low price. The only things that are holding you from attracting a more affordable rate now are relevant information and a motivation to make use of the information you get -- That's all. Here are several things that will help you achieve this goal...

1. Make sure you do NOT fail to subtract the land's cost from the home's value as you apply for a home insurance policy. A good number of folks spend much more than they should on home insurance on account of this mistake. Insuring your home for the purchased price without subtracting the land's cost is a big mistake.

If you made this mistake quickly call your agent and review your coverage. Deduct the land's cost and you'll find out that you will need far less coverage.

This means you will spend far less on home insurance. Don't ever forget that insuring the land your home is standing on is plain waste of money since it does NOT give you any added advantage.

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2. The amount you pay is partly determined by your credit rating. You'll attract higher home insurance premiums if you have a low credit rating. If your credit rating is poor then you've NOT been faithful in paying up your bills. No insurer is happy with this as it suggests a behavior you are quite likely to repeat in the payment of premiums. This marks you out as a bigger risk and therefore attracts a higher rate.

Therefore, it will do you much good to pay all your bills once they are due. It makes it easier for you to get lower rates among other things.

3. You will get more affordable rates if you choose to pay your premiums yearly and not monthly. An insurance carrier is compelled to send you 12 notices for monthly payments as opposed to one for annual payments. This increases their overhead.

Furthermore, each check you send attracts a transaction charge as well. They pay transaction fees twelve times instead of once annually for monthly premiums. And, if you really come to think of it, these extra costs are ultimately added to your rates.

Therefore opt for annual payments instead if you intend to make savings this way. You could save up to a month's premium within a year.

4. A fire-safe home exterior will help reduce your rates. You'll do well if you ensure there's nothing that is inflammable around your building. Bushes around 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 determining what it will cost to insure that home.

5. You will as well get a discount if you have motion-sensitive lighting for your home's exterior. Burglars will keep off from places where their movement will be easily spotted. And motion-sensitive lighting does this precisely. Your rate will be reduced once you've lowered your home's risk of burglary with this kind of lighting.

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6. Make sure every door to the exterior has dead-bolt locks. They will make it harder for burglars to get into your home. And since a home's risk of burglary is a key determinant of home insurance premiums, you'll pay far less.

7. Do you have locks on all your windows? If you do NOT you'll be paying more because of that. You can take this to another level by fixing burglary-proof bars on them all. If you're not one of those people who have a deep hatred for such, they'll get you reasonable discounts. If you are NOT against this quickly fix them in your home and get cheaper rates.
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