Home Insurance -- Seven Tested Tips

You can enjoy high quality coverage without breaking the bank. You just need the right tips and the determination to implement what you'll learn to get a better rate. Let's look at a few proven ways to get this done...

1. Do not insure your house along with the land it is built on as this is more expensive but quite needless. A good number of people spend much more than they should on home insurance on account of this mistake. Insuring your home for the full price you bought it without subtracting the land's cost is a big mistake.

For those who have ignorantly done this, meet with your agent and check your home insurance coverage again. Deduct the cost of your land and use only the cost of your home and its contents.

This implies that you'll spend far less on home insurance. No matter what you do and who you get in contact with, don't forget 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. What you pay as premium is influenced by your credit rating. Folks who have excellent ratings pay far less than folks who have poor ratings. A bad credit rating implies that you have not been paying your bills in a timely fashion. No insurer likes this as it shows a pattern you are quite likely to repeat in the payment of rates. This makes you a bigger risk and therefore attracts a higher rate.

Therefore, it will do you much good to pay all your bills once they are due. It will help you get lower rates among other things.

3. Making your premium payments once every year will save you much when compared to monthly payments. A major reason for this is the cost an insurance company incurs by posting you twelve bills instead of just one each year.

The cost increases if you add the fact that they pay transaction charges for processing each check you send them monthly. They pay transaction fees twelve times instead of once annually for monthly payments. And as with every other thing, it's you the customer or policy holder who will be responsible for that cost.

Therefore opt for yearly payments instead if you want to make savings this way. You could save up to a month's premium within a year.

4. A fire-safe home exterior will help bring down your rates. Having things that are very inflammable or that help combustion close to your building will make you pay more expensive rates. Even though cutting bushes around your home looks mundane, you'll get lower premiums if you do maintain them at a distance of at least ten feet from your building. The likelihood of fire in a home is a very strong factor that determines your home insurance premium.

5. You'll pay less if you have motion-sensitive lighting on your property. Your home becomes less attractive to thieves since they'll be noticed easily. Your rate will be lower once you've reduced your home's risk of burglary through this kind of lighting.

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6. Having dead-bolt locks on all exterior door will reduce your home insurance premium. They will make it more difficult for burglars to get into your home. The more secured your home is against burglary, the lower the risk involved in insuring it.

7. Do you have locks on all your windows? If you don't you'll be spending more because of that. You can take this to another level by fixing burglary-proof bars on them all. Although some folks don't like this because it makes them feel imprisoned in their own home, it really does reduce your rate by a good amount. Therefore, if you are okay with having burglary-proof bars in your house, have them fixed and you'll pay a lot less in your home insurance premium.