Home Owners Insurance -- 7 Tested Tips

Contrary to what you might have thought, it is a lot easy to attract a cheaper rate. You only need the right information and the discipline to implement what you'll learn to start enjoying a better rate. Let's get into the ideas you need to enjoy cheaper rates...

1. It's more expensive but needless to insure the land on which your home is standing. Folks do this without knowing. You've made the same mistake if you insured your house for the cost you bought it without finding out the cost of the land it's built on and subtracting it.

If you made this mistake quickly meet with your agent and review your coverage. Lower your coverage to the cost of your house and its contents minus the land's cost.

Your premium will be cheaper and you'll still have enough coverage if you do this right. Since insurance is for valuables that can be lost or damaged, insuring the land which can neither be lost or damaged isn't right.

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2. You'll pay more or less depending on 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. An insurance company interprets this to mean that you are not financially very responsible and will likely default in paying your rates. If you are seen as a likely defaulter, it makes you a bigger risk and draws much higher premiums than otherwise.

Therefore, it is a wise decision to pay all your bills promptly. It makes it easier for you to get lower rates among other things.

3. Making your premium payments once every year will save you a lot when compared to monthly payments. An insurer sends 12 notices for monthly payments instead of one for annual payments. This increases their overhead.

Furthermore, each check they get attracts its own transaction charge as well. twelve checks are 12 transactions which incur 12 different transaction charges. And, if you really come to think of it, these extra costs are eventually 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 in just a single year.

4. A fire-safe home exterior will help bring down your rates. Having things that are highly inflammable or that aid combustion around your dwelling will make you pay higher rates. As easy as it looks, cutting back bushes and maintaining them up to 10 feet from your building will help reduce your rates. The risk of fire in a house is one very strong factor that influences your home insurance rate.

5. You will get cheaper rates if you have motion-sensitive lighting on your property. Burglars will keep off from places where their activities will be easily noticed. And motion-sensitive lighting does this precisely. Since thieves avoid homes with such lighting, you reduce your home's risk of burglary and, by extension, your rates.

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6. Make sure every door that leads outside has dead-bolt locks. They will make it more difficult for burglars to break into your house. The more secured your home is against burglary, the better the risk involved in insuring it.

7. Fitting window locks on each of 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 Even though most people do not like this because it makes them feel imprisoned in their own home, it really does lower your premium by a good amount. Therefore, if you are not bothered by having burglary-proof bars in your home, have them fixed and you'll pay a lot less in your home insurance rate.
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