Homeowner Insurance -- Seven Sure Tips

Everyone can enjoy high value coverage without paying top price. The two things that are holding you from enjoying a cheaper rate at the moment are the right information and a resolve to use the recommendations you get -- Nothing more. Here are several tips that will help you achieve this goal...

1. Ensure you don't forget to deduct the land's worth from your home's value while applying for a home insurance policy. People do this without knowing. They just insure their home for its entire value without removing the cost of the land.

If you made such a mistake, you'll have to review your home insurance coverage and go through it again with your agent. Reduce your coverage to the worth of your home and its contents minus the land's value.

With such a review you will reduce your rates by a huge margin and still have adequate home insurance coverage. No matter what you do and who you get in contact with, don't forget 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. The amount you pay is affected by your credit rating. You'll pay higher home insurance rates if you have a low credit rating. What your credit rating reveals is how you treat your bills and it speaks negatively about you if it's a poor one. This is a pattern that most insurers believe will be exhibited in the way you handle your premiums. If you're considered a potential defaulter, it makes you a higher risk and attracts much higher rates than otherwise.

So do your best possible to attend to all your bills in a timely manner. Apart from the other benefits in doing so, it will help you get lower home insurance rates.

3. Choosing to pay your premiums on a monthly basis leads to higher rates than you would spend if you choose to pay annually. A strong reason for this is the cost an insurance company incurs by posting you 12 bills instead of just one yearly.

The cost increases if you include the fact that they pay transaction fees for processing each check you give them monthly as payment. Twelve checks mean 12 transactions and will attract 12 separate charges.. And as with every other thing, it's you the end user or insured who bears that cost.

Therefore, you will get cheaper premiums if you choose to pay your rates annually. What you'll save could be as high as 8.5% of your total monthly premiums over the course of just one year.

4. A fire-safe home exterior will help bring down your rates. You'll be doing the right thing if you ensure there's nothing that is inflammable around your building. As simple as it seems, cutting back bushes and maintaining them up to ten feet from your structures will help reduce your premium. Fire-safety is a strong factor that determines how much or little you pay in premiums.

5. You will pay less if you've got motion-sensitive lighting for your home's exterior. Your house becomes a no-go area for thieves as they'll be noticed easily. The risk of burglary is a strong factor in checking a home's risk to an insurance company and, by extension, your rate.

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6. Having dead-bolt locks on all exterior door will bring down your home insurance rate. This makes it difficult for intruders or burglars to have their way. And because a home's risk of burglary is a strong factor in calculating your home insurance rates, you will spend far less.

7. Do you have locks on each of your windows? If you don't you will be paying more because of that. Expect to get far more affordable rates if you have windows that have burglary-proof bars Although most folks do not like this because it makes them feel imprisoned in their own house, it really does lower your premium considerably. If you are not one of those people who say that having such makes them feel imprisoned in their own home, have them fitted if you intend to lower your home insurance premiums considerably.
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