Home Insurance -- 7 Sure Tips

Contrary to what you might have thought, it's a lot easy to get a lower rate. The two things that stand between you and enjoying a more affordable rate now are the right information and a determination to make use of the recommendations you get -- Period. Let's get into the ideas you need to attract more affordable rates...

1. It is more expensive but needless to insure the land on which your home is standing. Some people spend much more than they should on home insurance because they made this mistake. They just insure their house for its full value without subtracting the land's cost.

If you did such ignorantly, you need to re-evaluate your home insurance coverage and check it again with your agent. Deduct the land's cost and you will discover that you'll need far less coverage.

This means 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 rate is affected by your credit history. You'll attract higher home insurance premiums if you have a low credit rating. A bad credit rating means that you have not been paying your bills in a timely fashion. An insurance company interprets this to mean that you're not financially very responsible and will possibly default in paying your premiums. If you're seen as a potential defaulter, it makes you a bigger risk and attracts more expensive rates than otherwise.

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

3. Electing to pay your rates on a monthly basis results in more expensive premiums than you'd pay if you choose to pay annually. Your insurance carrier is compelled to send you 12 notices for monthly payments instead of one for yearly payments. This costs them more.

As if that was NOT enough expense, each check they get attracts its own transaction fees as well. 12 checks mean Twelve transactions and will draw 12 separate charges.. And as with everything else, it's you the customer or policy holder who bears that cost.

You will get considerable savings if you choose to pay yearly. The actual amount you could save may differ but you may be able to save up to a month's premium worth with some insurance companies if you settle for this option.

4. Make the exterior of your home fire-safe and you'll lower your home insurance rate. Do you have things that could likely aid combustion close to your house? They'll make you get higher rates. Bushes near your home should be cut and maintained at not less than ten feet from your building. Fire-safety is a strong point that determines what you pay in premiums.

5. You will pay less if you have motion-sensitive lighting for your home's exterior. Burglars will keep off from places where their movement will be easily noticed. And motion-sensitive lighting does just that. Because thieves avoid homes with such lighting, you reduce your home's risk of burglary and, by extension, your rates.

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6. Having dead-bolt locks on all exterior door will lower your home insurance premium. They will make it harder for burglars to break into your home. And since a home's risk of burglary is a major factor in calculating your home insurance rates, you'll pay far less.

7. Do you have locks on each of your windows? If you do NOT you will be spending more because of that. You'll save even a lot more if you go further to have burglary-proof bars fixed on all of them. Even though some folks don't like this because it makes them feel imprisoned 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 fixed and you will pay much less in your home insurance rate.
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