Homeowners Insurance -- Seven Proven Tips

Contrary to what you might be made to believe, it is a lot easy to get an affordable rate. You just need the right recommendations and the resolve to implement what you'll learn to start enjoying a more affordable rate. Let's get into the steps you need to get cheaper rates...

1. Do not insure your house along with the land it is built on as this will cost you more but very unnecessary. Those who ignorantly do this pay for more insurance than would be of any benefit. They just insure their home for its full value without deducting the land's cost.

For those who've mistakenly done this, meet with your agent and go through your home insurance coverage again. Reduce your coverage to the cost of your house and its contents minus the land's value.

This implies that you'll spend a lot less on home insurance. Because insurance is for things that you can't afford to lose, insuring the land which can neither get lost or damaged isn't right.

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2. Your credit history has a serious impact on what you pay. The lower your credit rating, the higher the rates you attract. If your credit rating is bad then you've been missing important payments. No insurer is happy with this as it suggests a behavior you are quite likely to repeat in the payment of premiums. This marks you out as a bigger risk and therefore attracts a higher rate.

So do your utmost to pay all your bills in a timely manner. It makes it easier for you to attract cheaper rates among other things.

3. You'll get more affordable rates if you choose to pay your rates annually and not monthly. This is because posting 12 bills by mail each month costs your insurer much.

The cost increases if you add the fact that they pay transaction charges for processing each check you send them monthly. 12 checks are 12 transactions which incur 12 separate transaction charges. These and other charges so incurred by your insurer are ultimately paid by you, the policy holder..

As a result, you will attract lower premiums if you decide to pay your premiums yearly. What you'll save could be as high as 8.5% of your total monthly payments over the course of just one year.

4. Make the exterior of your house fire-safe and you will bring down your home insurance rate. Do you have things that could likely aid combustion near your house? They will make you pay more. Even though cutting bushes around your home looks simple, you will get cheaper rates if you do keep them at a distance of at least ten feet from your building. Fire-safety is a major point that determines what you pay as premiums.

5. Motion-sensitive lighting reduces your home's risk of burglary and, as a result, helps you get cheaper home insurance rates. Your home becomes less attractive to thieves as they'll be spotted easily. Since thieves keep off from homes with such lighting, you reduce your home's risk of burglary and, by extension, your premiums.

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6. Dead-bolt locks on all doors to the exterior will help you attract a lower rate. It's more difficult for burglars to operate in homes that have these locks. The more protected your home is against burglary, the better the risk involved in insuring it.

7. Fitting window locks on all your windows will help lower your home's risk of burglary. Expect to pay far more affordable rates if you've windows that have burglary-proof bars Although most folks don't like this because it makes them feel like a prisoner in their own home, it really does lower your premium considerably. If you are not opposed to this have them fitted in your home and get more affordable rates.
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