Home Insurance -- 7 Sure Tips

Everyone can get high value coverage without paying top price. The only things that are holding you from getting a more affordable rate at the moment are relevant information and a determination to use the information you get -- Nothing more. Let's get into the steps you need to enjoy more affordable rates...

1. Ensure you do NOT fail to deduct the land's worth from your home's value as you apply for a home insurance policy. People do this without knowing. They just insure their house for its full value without deducting the cost of the land.

For those who've ignorantly done this, call your agent and check your home insurance coverage again. Deduct the land's value and you'll discover that you will need far less coverage.

With such a review you will reduce your premiums by a huge margin and still have enough home insurance coverage. No matter what you do and who you get in contact with, remember that the only things you insure are things that can be stolen or damaged and your land is not one of such.

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2. What you pay as premium is affected by your credit rating. You will attract higher home insurance rates if you have a poor credit rating. If your credit rating is poor then you've been missing important payments. An insurer takes this to mean that you are not financially very responsible and will likely default in paying your premiums. This makes you less attractive to them and you, therefore, are made to spend much more than some other person with similar profile that has an excellent rating.

Therefore, it is a wise decision to pay all your bills promptly. It will help you get cheaper rates among other things.

3. Choosing to pay your premiums on a monthly basis leads to higher premiums than you'd pay if you decide to pay yearly. An insurance carrier sends 12 notices for monthly payments as opposed to one for yearly payments. This increases their overhead.

The cost shoots up if you include the fact that they pay transaction fees for processing each check you give them monthly as payment. twelve checks are 12 transactions which mean 12 separate transaction charges. And as with every other thing, it is you the customer or insured who will be responsible for that cost.

Therefore opt for yearly payments instead if you want to make savings this way. You could save up to a month's premium in just a single year.

4. Ensure that the exterior of your home is fire-safe and your premium will be more affordable. Do you have things that could easily aid combustion near your house? They'll make you pay more. Even though cutting bushes around your home looks mundane, you'll get lower rates if you do keep them at a distance of at least 10 feet from your building. Fire-safety is a major factor that determines what you pay in premiums.

5. You'll pay less if you've got motion-sensitive lighting in your home. Burglars will avoid any place where their movement will be easily observed. And motion-sensitive lighting does just that. Your rate will be lower once you've lowered your home's risk of burglary with this kind of lighting.

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6. Dead-bolt locks on all your exterior doors will help you attract a more affordable rate. This makes it difficult for intruders or burglars to have their way. And because a home's risk of burglary is a major factor in calculating your home insurance premiums, you will spend far less.

7. Do you have locks on all your windows? If you don't you will be spending more because of that. You can take this to another level by building in burglary-proof bars on them all. Although some people do not like this because it makes them feel imprisoned in their own house, it really does lower your premium by a good amount. So, 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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