Homeowner Insurance -- 7 Proven Tips

Everyone can get high quality coverage without breaking the bank. You only need the right information and the motivation to practice what you'll learn to get a more affordable rate. Below are a few tips that will help you get to this goal...

1. Don't insure your house along with the land it is standing on as this is more expensive but quite needless. People who ignorantly do this are paying a lot more than would be of any benefit. They just insure their house for its full value without subtracting the land's cost.

For those who have ignorantly done this, call your agent and check your home insurance coverage again. Reduce your coverage to the worth of your house and its contents minus the land's cost.

Your premium will be less and you'll still have sufficient coverage if you do this right. No matter what you do and who you meet, bear it in mind that the only things you insure are things that can be lost or destroyed and your land is not one of such.

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2. Your credit history has a serious impact on what you pay. Those who have very good ratings spend far less than people who have poor ratings. If your credit rating is bad then you've NOT been faithful in paying up your bills. An insurer interprets this to mean that you're financially irresponsible and will likely default in paying your rates. If you're seen as a likely defaulter, it makes you a bigger risk and draws much higher rates than otherwise.

Therefore, it will do you much good to pay all your bills once they are due. You will get 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 twelve payment notices by mail monthly costs your insurer a lot.

If you include the fact that each check you cut is seen as a transaction by their bankers, you'll see that they still spend some more on transaction charges for each check you pay in. Twelve checks mean 12 transactions and will attract Twelve separate charges.. And as with every other thing, it's you the customer or policy holder who will be responsible for that cost.

You will make considerable savings if you begin to pay yearly. What you will save could be as much as 8.5% of your total monthly premiums over the course of just a year.

4. Make sure that the exterior of your home is fire-safe and your premium will be more affordable. You'll be doing the right thing if you don't have anything that's inflammable around your building. Even though cutting bushes around your house looks simple, you will get lower premiums if you do keep them at a distance of at least ten feet from your building. This is because how fire-safe a house is goes a long way in affecting what it will cost to insure that home.

5. Motion-sensitive lighting reduces your home's risk of burglary and, as a result, makes it easier for you to get cheaper home insurance rates. Burglars will avoid any place where their activities will be easily spotted. And motion-sensitive lighting does just that. Since thieves keep off from houses with such lighting, you lower your home's risk of burglary and, by extension, your premiums.

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6. Fixing dead-bolt locks on all exterior door will reduce your home insurance premium. They will make it more difficult for burglars to break into your home. The more secured your home is against burglary, the less the risk involved in insuring it.

7. Window locks on all windows will save you a little because they reduce your home's risk of burglary. You'll save even much more if you go one step more to have burglary-proof bars fitted on all of them. If you're not one of those folks who feel so uncomfortable with these kind of fittings, they'll help you get huge discounts. If you have nothing against this have them fitted in your home and enjoy lower rates.
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