Homeowner Insurance -- Seven Sure Tips

You can get high quality coverage without breaking the bank. All you need to achieve this feat are pieces of information (Put into good use). Let us now look at several proven ways to get better rates...

1. Do not insure your home along with the land it is standing on as this will cost you more but quite needless. Those who ignorantly do this are paying a lot more than would be of any benefit. You've made the same mistake if you insured your home for the price you purchased it without finding out the cost of the land it's standing on and deducting it.

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

This means you will spend a lot less on home insurance. No matter what you do and who you meet, remember that the only things you insure are things that can be lost or destroyed and your land is not one of such.

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2. Your credit rating has a serious impact on what you pay. You'll attract higher home insurance premiums if you have a poor credit rating. What your credit rating shows 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 not financially very responsible and will likely default in paying your rates. This makes you a bigger risk and therefore attracts a higher rate.

So do your utmost to pay all your bills in a promptly. You will attract lower rates if you do.

3. You'll get cheaper rates if you choose to pay your rates annually and not every month. A major reason for this is the cost an insurer incurs by posting you 12 bills instead of just one annually.

The cost shoots up if you add the fact that they pay transaction charges for processing each check you send them monthly. They pay transaction charges twelve times instead of once annually for monthly payments. And, believe it or not, these extra overheads are ultimately added to your rates.

Therefore choose annual payments instead if you intend to make savings through this means. 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. You'll do well if you don't have anything that is inflammable close to your building. Although cutting bushes around your home looks mundane, you'll get cheaper premiums if you do keep them at a distance of at least 10 feet from your building. This is because how fire-safe a house is goes a long way in determining what it will cost to insure it.

5. You'll pay less if you have motion-sensitive lighting in your home. Your home becomes a no-go area for thieves because they'll be spotted easily. Because thieves avoid houses with such lighting, you reduce your home's risk of burglary and, by extension, your rates.

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6. Getting dead-bolt locks on every exterior door will reduce your home insurance premium. This makes it difficult for intruders or burglars to break in. 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 don't you'll be spending more because of that. You'll save even much more if you go one step more to have burglary-proof bars fitted on all of them. Therefore, if you don't mind having burglary-proof bars in your house, have them fixed and you will be charged much less in your home insurance rate.
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