Homeowners Insurance -- Seven Sure Tips

It is truly very easy for everyone to buy adequate coverage for a lot less. All you need to achieve this feat are pieces of information (that you'd have to put to use, though). Following are several things that will help you reach this goal...

1. Make sure you do NOT forget to deduct the land's cost from the home's cost as you apply for a home insurance policy. People who ignorantly do this pay for more insurance than would be of any benefit. You've made the same mistake if you insured your house for the price you bought it without checking the cost of the land it is built on and deducting it.

If you made this mistake quickly call your agent and review your coverage. Reduce your coverage to the worth of your house and its contents minus the land's cost.

This means you will pay a lot less on home insurance. Bear it in mind that insuring the land your home is built on is real waste of money because it does NOT give you any added advantage.

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2. The amount you pay is influenced by your credit rating. You will attract higher home insurance premiums if you have a poor credit rating. What your credit rating reveals is how you treat your bills and it speaks badly about you if it's a poor one. No insurer is happy with this as it suggests a behavior you are very likely to repeat in the payment of premiums. If you are considered a likely defaulter, it makes you a higher risk and attracts much higher premiums than otherwise.

Therefore, it is a wise decision to clear all your bills once they are due. You will get cheaper premiums if you do.

3. Choosing to pay your premiums on a monthly basis results in more expensive rates than you'd pay if you decide to pay yearly. Your insurer sends 12 notices for monthly payments as opposed to one for annual payments. This costs them more.

The cost increases if you add the fact that they pay transaction fees for processing each check you send them monthly. They pay transaction fees twelve times instead of once yearly for monthly payments. And as with everything else, it is you the client or insured who will be responsible for that cost.

You will make considerable savings if you begin to pay yearly. What you will save could be as high as 8.5% of your total monthly premiums over the course of just a year.

4. Ensure that the exterior of your house is fire-safe and your premium will be more affordable. Do you have things that could easily aid combustion near your structure? They'll make you get higher rates. Although cutting bushes around your home looks simple, you'll get cheaper rates if you do maintain them at a distance of at least 10 feet from your building. The likelihood of fire in a house is a very strong factor that determines your home insurance premium.

5. Motion-sensitive lighting reduces your home's risk of burglary and, as a result, makes it easier for you to get lower home insurance premiums. Thieves naturally do NOT like to operate in any environment they could be easily noticed or caught. Your rate will be reduced once you've reduced your home's risk of burglary with this type of lighting.

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6. Having dead-bolt locks on every exterior door will bring down your home insurance premium. They will make it more difficult for burglars to break into your house. And as you know, the lower the risk of burglary in a house, the more affordable rates it will attract.

7. Window locks on all windows will help you save because they reduce your home's risk of burglary. You'll save even a lot more if you go one step more to get burglary-proof bars fitted on all of them. If you're not one of those people who feel so uncomfortable with these kind of fittings, they'll help you get considerable discounts. Therefore, if you are okay with having burglary-proof bars in your house, have them fixed and you will pay much less in your home insurance premium.
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