Homeowners Insurance -- Seven Proven Tips

It's truly very easy for everyone to find adequate coverage at a low price. The only things that are holding you from attracting a cheaper rate at the moment are relevant information and a determination to make use of the tips you get -- That's all. Here are a number of tips that will help you get to this goal...

1. It's more expensive but very unnecessary to insure the land on which your house is standing. A good number of folks pay much more than they should on home insurance on account of this mistake. They just insure their house for its entire value without deducting the land's cost.

If you made such a mistake, you'll have to re-evaluate your home insurance coverage and check it again with your agent. Reduce your coverage to the worth of your house and its contents minus the land's value.

Your rate will be more affordable and you'll still have adequate coverage if you do this right. No matter what you do and who you meet, remember that the only things you insure are things that can be stolen or destroyed and your land is not one of such.

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2. Your rate is affected by your credit history. You'll attract 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 is a poor one. An insurance company takes this to mean that you are financially irresponsible and will likely default in paying your rates. This marks you out as a bigger risk and therefore attracts a higher rate.

It will, therefore, be a good step to do something about making your credit rating better. It makes it easier for you to attract cheaper rates among other things.

3. You'll get cheaper rates if you choose to pay your premiums yearly and not monthly. Your insurer sends 12 notices for monthly payments as against one for annual payments. This costs them more.

Furthermore, each check they get attracts a transaction charge too. twelve checks mean 12 transactions which attract 12 separate transaction charges. These and other costs so incurred by your insurer are eventually passed over to you, the policy holder..

Therefore, you'll get cheaper premiums if you choose to pay your rates annually. The real amount you could save might differ but you may be able to save up to a month's premium worth with some insurers if you choose this option.

4. Make the exterior of your house fire-safe and you'll reduce your home insurance rate. You'll do well if you don't have anything that is inflammable around your building. As simple as it looks, cutting back bushes and keeping them up to ten feet from your building will help lower your premium. Fire-safety is a strong point that determines what you pay as premiums.

5. You'll also enjoy a discount if you have motion-sensitive lighting on your property. Burglars will keep off from places where their movement will be easily noticed. And motion-sensitive lighting does just that. The risk of burglary is a key factor in determining a home's risk to an insurer and, consequently, your rate.

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6. Getting dead-bolt locks on all exterior door will reduce your home insurance rate. It's harder for thieves to break into homes that have these locks. The more secured your home is against burglary, the better the risk taken in insuring it.

7. Do you have locks on all your windows? If you don't you'll be spending more because of that. Expect to get far cheaper rates if you have windows that have burglary-proof bars Even though some folks do not like this because it makes them feel like a prisoner in their own house, it really does lower your premium considerably. If you're not one of those folks who say that having such makes them feel imprisoned in their own house, have them fitted if you want to reduce your home insurance premiums considerably.
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