Home Owners Insurance -- Seven Sure Tips

Contrary to what you might be made to believe, it is quite easy to position yourself for an affordable rate. You just need the right information and the motivation to implement what you'll learn to get a better rate. Following is a list of tips that will help you achieve this goal...

1. Ensure you do NOT forget to deduct the land's cost from the home's value as you apply for a home insurance policy. Those who ignorantly do this are paying a lot more than would be of any benefit. They just insure their home for its full value without removing the land's cost.

If you did this quickly meet with your agent and check through your home insurance policy. Subtract the cost of your land and buy coverage only for your house and its contents.

Your rate will be more affordable and you'll still have sufficient coverage if you do this right. No matter what you do and who you get in contact with, remember that the only things you insure are things that can be lost or damaged and your land is not one of such.

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2. The amount you pay is influenced by your credit rating. Those who have very good ratings spend far less than those who have poor ratings. A poor credit rating means that you've not been paying your bills in a timely fashion. This is a pattern that most insurance carriers believe will play out again in the way you handle your premiums. This marks you out as a bigger risk and so attracts a higher rate.

Therefore, it will do you much good to pay all your bills promptly. You'll attract cheaper premiums if you do.

3. Choosing to pay your premiums monthly results in higher rates than you would spend if you decide to pay yearly. This is because sending you 12 payment notices by mail monthly costs your insurance company a lot.

If you add to the fact that each check you make out is considered a transaction by their bankers, you'll see that they still spend some more on transaction fees for each check you pay in. 12 checks mean Twelve transactions and will draw 12 separate charges.. And as with every other thing, it's you the end user or policy holder who bears that cost.

You will get reasonable savings if you begin to pay yearly. What you'll save could be as much as 8.5% of your total monthly premiums over the course of just one year.

4. Make the exterior of your house fire-safe and you'll reduce your home insurance rate. Having things that are highly inflammable or that help combustion around your dwelling will make you pay more expensive rates. Even though cutting bushes around your home looks mundane, you'll get cheaper premiums if you do maintain them at a distance of at least ten feet from your structures. This is because how fire-safe a home is goes a long way in determining what it will cost to insure that home.

5. You'll also get a discount if you have motion-sensitive lighting on your property. Your home becomes less attractive to thieves since they'll be noticed easily. Because thieves keep off from homes with such lighting, you lower your home's risk of burglary and, by extension, your premiums.

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6. Getting dead-bolt locks on every exterior door will lower your home insurance premium. This makes it difficult for intruders or burglars to have their way. And since a home's risk of burglary is a major determinant of home insurance premiums, you'll spend far less.

7. Fitting window locks on each of your windows will help lower your home's risk of burglary. Expect to attract far cheaper rates if you've windows that have burglary-proof bars If you have nothing against this have them fitted in your home and enjoy lower rates.
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