Homeowners Insurance -- Seven Sure Tips

You can enjoy high value coverage without paying top price. All you have to do to achieve this goal are pieces of information (that you'd have to put to use, though). Let us get into the tips you need to attract cheaper rates...

1. Make sure you don't forget to deduct the land's worth from the home's cost while applying for a home insurance policy. People who ignorantly do this are paying a lot more than would do them any good. They just insure their house for its full value without deducting the cost of the land.

If you did such ignorantly, you'll have to re-evaluate your home insurance coverage and check it again with your agent. Subtract the cost of your land and buy coverage only for your home and its contents.

Doing this will reduce your rates considerably and still leave with sufficient home insurance coverage. No matter what you do and who you get in contact with, remember that the only things you insure are things that can be lost or damaged and your land is not one of such.

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2. You will pay more or less depending on your credit rating. You'll attract higher home insurance premiums if you have a poor credit rating. A poor credit rating suggests that you've not been paying your bills promptly. This is a pattern that most insurers believe will be exhibited in the way you treat your premiums. If you're considered a likely defaulter, it makes you a higher risk and attracts much higher premiums than otherwise.

It will, therefore, be a smart step to do something about making your credit rating better. It will help you attract lower rates among other things.

3. Yearly premium payments will save you a lot when compared to monthly payments. A major reason for this is the cost an insurer incurs by sending you twelve bills instead of just one yearly.

If you include the fact that each check you cut is seen as a transaction by their bankers, you will see that they still pay extra on transaction fees for each check you pay in. Twelve checks mean 12 transactions and will attract 12 separate fees.. These and other charges so incurred by your insurance company are ultimately passed over to you, the insured..

You will make considerable savings if you choose to pay yearly. What you'll save could be as much as 8.5% of your total monthly payments over the course of just one year.

4. Make the exterior of your home fire-safe and you'll bring down your home insurance rate. Having things that are very inflammable or that help combustion close to your building will make you pay higher rates. Bushes near your home should be cut and maintained at a distance of at least 10 feet from your structure. Fire-safety is a major point that determines how much or little you pay in premiums.

5. You will as well get a discount if you have motion-sensitive lighting for your home's exterior. Your house becomes less attractive to thieves since they'll be spotted easily. Your rate will be reduced once you've reduced your home's risk of burglary through this type of lighting.

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6. Do ensure that each door that leads outside has dead-bolt locks. They will make it more difficult for burglars to get into your house. And since a home's risk of burglary is a key determinant of home insurance rates, you'll spend far less.

7. Window locks on every window will help you save since they reduce your home's risk of burglary. You'll save even much more if you go one step more to have burglary-proof bars fitted on every window. So, if you don't mind having burglary-proof bars in your house, have them fixed and you will be charged a lot less in your home insurance rate.