Homeowners Insurance -- Seven Sure Tips

It is truly very easy for you to buy the right coverage for a lot less. You just need the right tips and the motivation to practice what you'll be taught to get a better rate. Here are a number of steps that will help you achieve this goal...

1. It's more expensive but needless to insure the land on which your home is standing. Folks do this without knowing. They just insure their home for its entire value without subtracting the land's cost.

For folks who have ignorantly done this, meet with your agent and go through your home insurance coverage again. Subtract the cost of your land and buy coverage only for your structures and its contents.

This implies that you will pay a lot less on home insurance. Always remember that insuring the land your home is standing on is plain waste of money because it does you no good whatsoever.

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2. Your credit rating has a huge impact on what you pay. You'll attract higher home insurance premiums if you have a poor credit rating. A poor credit rating means that you have not been paying your bills promptly. An insurance company interprets this to mean that you are not financially very responsible and will likely default in paying your premiums. If you're considered a potential defaulter, it makes you a bigger risk and attracts more expensive premiums than otherwise.

Therefore, it is a wise decision to pay all your bills once they are due. Apart from the other benefits in doing so, it will help you get lower home insurance premiums.

3. Making your premium payments once every year will save you a lot when compared to monthly payments. A strong reason for this is the cost an insurance company incurs by sending you twelve bills instead of just one yearly.

If you add to the fact that each check you send is seen as a transaction by their bankers, you'll see that they still pay some more on transaction charges for each check you pay in. They pay transaction fees 12 times instead of once a year for monthly premiums. And as with everything else, it's you the client 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 high as 8.5% of your total monthly payments over the course of just one year.

4. Make the exterior of your house fire-safe and you will bring down your home insurance rate. You'll be doing the right thing if you ensure there's nothing that's inflammable close to your building. As easy as it looks, cutting back bushes and maintaining them up to ten feet from your structures will help reduce your rates. This is because how fire-safe a home is goes a long way in affecting what it will cost to insure it.

5. You'll pay less if you've got motion-sensitive lighting on your property. Thieves naturally do NOT like to operate in any place they could be easily noticed or caught. Since thieves avoid homes 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 bring down your home insurance rate. It's more difficult for burglars to break into homes that have such locks. The more protected your home is against burglary, the less the risk involved in insuring it.

7. Do you have locks on all your windows? If you do NOT you'll be paying more because of that. You can take this to another level by building in burglary-proof bars on all your windows. If you're not one of those people who insist that having such makes them feel imprisoned in their own home, have them fixed if you intend to reduce your home insurance premiums considerably.
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