Home Owners Insurance -- 7 Sure Tips

Contrary to what you might be made to believe, it's quite easy to get a cheaper rate. You just need the right tips and the discipline to practice what you'll be taught to get a better rate. Below are several tips that will help you achieve this goal...

1. Ensure you don't fail to subtract the land's cost from the home's cost while applying for a home insurance policy. Some folks pay much more than they should on home insurance due to this mistake. You have made the same mistake if you insured your house for the cost 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 review your coverage. Reduce your coverage to the worth of your home and its contents minus the land's value.

This means you will pay far less on home insurance. Since insurance is for things that you can't afford to lose, insuring the land which can neither be lost or damaged isn't right.

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2. Your rate is affected by your credit history. Those who have excellent ratings spend far less than folks who have poor ratings. A bad credit rating means that you've not been paying your bills promptly. No insurer is happy with this as it shows a pattern you are very likely to repeat in the payment of rates. This makes you less attractive to them and you, therefore, are made to pay much more than someone else with the same profile that has an excellent rating.

Therefore, it is a wise decision to pay all your bills once they are due. You will attract lower rates if you do.

3. Making your premium payments once every year will save you much when compared to monthly payments. This is because posting 12 bills by mail monthly costs your insurance company much.

If you include the fact that each check you make out is seen as a transaction by their bankers, you'll see that they still spend extra on transaction fees for each check you pay in. 12 checks mean Twelve transactions and will draw 12 separate fees.. And as with everything else, it is you the client or policy holder who will be responsible for that cost.

Therefore, you will get lower premiums if you choose to pay your rates yearly. What you will save could be as high as 8.5% of your total monthly premiums over the course of just one year.

4. Make the exterior of your home fire-safe and you'll bring down your home insurance rate. Do you have things that could likely help combustion close to your structure? They'll make you pay more. Bushes around your house should be cut and maintained at a distance of at least 10 feet from your structure. Fire-safety is a major factor that determines how much or little you pay in premiums.

5. Motion-sensitive lighting reduces your home's risk of burglary and, therefore, helps you get lower home insurance premiums. Burglars will avoid any place where their movement will be easily observed. And motion-sensitive lighting does this exactly. Since thieves keep off from houses with such lighting, you reduce your home's risk of burglary and, consequently, your rates.

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6. Getting dead-bolt locks on every exterior door will lower your home insurance rate. They will make it more difficult for burglars to get into your house. And since a home's risk of burglary is a key determinant of home insurance rates, you will pay far less.

7. Fitting window locks on all your windows will help lower your home's risk of burglary. You can take this to another level by building in burglary-proof bars on all your windows. If you are not one of those folks who claim that having such makes them feel imprisoned in their own home, have them fixed if you intend to reduce your home insurance rates by a huge margin.
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