Homeowners Insurance -- Seven Sure Tips

You can get high value coverage without paying top price. The only things that are holding you from attracting a better rate now are the right information and a motivation to make use of the tips you get -- Period. Let's look at a number of time-tested ways to get this done...

1. It's more expensive but very unnecessary to insure the land on which your home is built. Some people spend much more than they should on home insurance due to this mistake. Insuring your home for the full price you bought it without subtracting the land's cost is an expensive error.

If you made this mistake 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 implies that you will spend far less on home insurance. Bear it in mind that insuring the land your home is built on is real waste of money because it does you no good whatsoever.

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2. Your credit history has a serious impact on your rate. People who have excellent ratings spend far less than folks who have low ratings. What your credit rating shows is how you have handled your bills and it speaks negatively about you if it is a poor one. No insurer is happy with this as it shows a pattern you're very likely to repeat in the payment of premiums. If you are seen as a potential defaulter, it makes you a bigger risk and attracts more expensive rates than otherwise.

So do your utmost to pay all your bills in a promptly. It makes it easier for you to attract more affordable rates among other things.

3. You'll get more affordable rates if you choose to pay your rates yearly and not monthly. A major reason for this is the cost an insurance company incurs by sending 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 charge as well. twelve checks are 12 transactions which mean 12 different transaction charges. And as with everything else, it's you the customer or policy holder who bears that cost.

As a result, you'll get lower premiums if you choose to pay your premiums yearly. What you will save could be as much 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 will reduce your home insurance rate. You'll be doing the right thing if you don't have anything that's inflammable around your home. Bushes near your house 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 shaping what it will cost to insure it.

5. You'll get cheaper rates if you've got motion-sensitive lighting on your property. Burglars will keep off from places where their movement will be easily observed. And motion-sensitive lighting does this exactly. Your rate will be reduced you have reduced your home's risk of burglary through this type of lighting.

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

7. Fitting window locks on each of your windows will help reduce your home's risk of burglary. You'll save even a lot more if you go one step more to have burglary-proof bars fixed on every window. Even though most folks don't like this because it makes them feel like a prisoner in their own home, it really does reduce your premium considerably. So, if you don't mind having burglary-proof bars in your home, have them built in and you will pay a lot less in your home insurance premium.
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