Home Insurance -- 7 Proven Tips

You can enjoy high quality coverage without paying top price. The two things that that keep you from attracting a cheaper rate now are relevant information and a motivation to use the information you get -- Period. Below are several tips that will help you get to this goal...

1. It is more expensive but very unnecessary to insure the land on which your house is standing. Some folks pay much more than they should on home insurance due to this mistake. Insuring your home for the full price you bought it without subtracting the land's worth is an expensive error.

For those who've mistakenly done this, call your agent and check your home insurance coverage again. Deduct the value of your land and buy coverage only for your structures and its contents.

Your premium will be more affordable and you'll still have adequate coverage if you do this right. Since insurance is for things that you can't afford to lose, insuring the land which can neither be lost or damaged isn't right.

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2. The amount you pay is influenced by your credit history. You will pay higher home insurance premiums if you have a poor credit rating. A bad credit rating means that you have not been paying your bills promptly. No insurer is happy with this as it shows a behavior you're quite likely to repeat in the payment of rates. If you are seen as a potential defaulter, it makes you a bigger risk and draws much higher premiums than otherwise.

Therefore, it is a wise decision to pay all your bills promptly. It makes it easier for you to attract lower rates among other things.

3. Choosing to pay your rates on a monthly basis results in more expensive rates than you'd pay if you decide to pay annually. This is because posting 12 payment notices by mail monthly costs your insurance company a lot.

Furthermore, each check they get attracts its own transaction charge too. They pay transaction charges 12 times instead of once yearly for monthly premiums. And, if you really come to think of it, these additional overheads are ultimately built into your rates.

As a result, you'll get lower rates if you choose to pay your rates yearly. The real amount you could save might differ but expect to save up to a month's premium worth with most insurance companies if you choose this option.

4. Make the exterior of your home fire-safe and you will reduce your home insurance rate. Do you have things that could likely aid combustion close to your house? They'll make you pay more. Although cutting bushes around your home looks mundane, you will get cheaper premiums if you do keep 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 shaping what it will cost to insure that home.

5. Motion-sensitive lighting reduces your home's risk of burglary and, as a result, makes it easier for you to get cheaper home insurance premiums. Your home becomes a no-go area for thieves because they'll be noticed easily. The risk of burglary is a key factor in checking a home's risk to an insurer and, by extension, your rate.

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6. Dead-bolt locks on all doors to the exterior will help you attract a more affordable rate. It's harder for thieves to break into homes that have such locks. And as you know, the lower the risk of burglary in a home, the cheaper rates it will attract.

7. Do you have locks on each of your windows? If you do NOT you will be spending more because of that. You can take this to another level by fixing burglary-proof bars on all your windows. Even though some people do not like this because it makes them feel imprisoned in their own home, it really does reduce your rate by a good amount. If you have nothing against this have them fitted in your home and enjoy cheaper rates.
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