Homeowner Insurance -- 7 Tested Tips

Contrary to what you might have thought, it's quite easy to get an affordable rate. All you need to achieve this end are little bits of information (Put into good use). Following are several tips that will help you reach this goal...

1. Do not 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 do them any good. 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 deducting it.

If you made such a mistake, you'll have to review your home insurance coverage and check it again with your agent. Deduct the cost of your land and buy coverage only for your home and its contents.

Doing this will lower your rates by a huge margin and still leave with sufficient home insurance coverage. 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. What you pay as premium is affected by your credit rating. Those who have very good ratings pay far less than those who have low ratings. If your credit rating is poor then you've been missing important payments. This is a pattern that most insurers believe will be exhibited in the way you handle your premiums. This makes you a higher risk to them and you, therefore, are made to spend much more than some other person with the same profile that has a very good rating.

Therefore, it will do you much good to pay all your bills promptly. It will help you get more affordable rates among other things.

3. Yearly premium payments will save you much when compared to monthly payments. Your insurer sends 12 notices for monthly payments as opposed to one for yearly payments. This costs them more.

If you include the fact that each check you give is seen as a transaction by their bankers, you'll see that they still spend extra on transaction charges for each check you pay in. twelve checks are 12 transactions which incur 12 different transaction charges. These and other charges so incurred by your insurer are ultimately passed over to you, the policy holder..

As a result, you'll get cheaper rates if you decide to pay your premiums yearly. You could save up to a month's premium within a year.

4. Make sure that the exterior of your house is fire-safe and your rate will be cheaper. Having things that are very inflammable or that help combustion close to your dwelling will make you pay higher rates. As simple as it seems, cutting back bushes and keeping them up to ten feet from your building will help reduce your premium. Fire-safety is a major factor that determines how much or little you pay in premiums.

5. You will get cheaper rates if you've got motion-sensitive lighting in your home. Your house becomes less attractive to thieves because they'll be noticed easily. Since thieves avoid houses with such lighting, you lower your home's risk of burglary and, by extension, your rates.

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6. Fixing dead-bolt locks on all exterior door will lower your home insurance rate. They will make it harder for burglars to get into your house. The more fortified your home is against burglary, the less the risk involved in insuring it.

7. Having window locks on each of your windows will help reduce your home's risk of burglary. You can take this to another level by fixing burglary-proof bars on them all. Therefore, if you are okay with having burglary-proof bars in your home, have them built in and you'll pay much less in your home insurance rate.
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