It doesn't normally take applying a hundred tips to get massive savings while maintaining adequate coverage. You may be shocked to find out that all that's keeping you from far cheaper Rhode Island homeowner insurance rates are little things you can easily deal with. I'll take the pains here to reveal such things...
1. You will pay less if you've got motion-sensitive lighting in your home. Your home becomes a no-go area for thieves because they'll be spotted easily. The risk of burglary is a key factor in determining a home's risk to an insurer and, by extension, your rate.
2. Make sure you do NOT leave ladders lying just anywhere. They could really help a burglar. In the same manner, don't leave your tools or pieces of equipment on the lawn. Thieves will have an easier time breaking into a household that provides them such opportunities. Keep them away safely and you'll not increase your premium.
3. Ensure you don't make the mistake of not subtracting the land's worth from your home's value while applying for a home insurance policy. A good number of people pay much more than they should on home insurance on account of this mistake. You've made same mistake if you insured your house for the cost you purchased it without finding out the cost of the land it is built on and subtracting it.
If you made such a mistake, you'll have to re-evaluate your home insurance coverage and check it again with your agent. Subtract the land's value and buy coverage only for your home and its contents.
Your premium will be more affordable and you'll still have adequate coverage if you do this right. Always remember that insuring the land your house is built on is plain waste of money since it does give you any added advantage.
4. Electing to pay your rates monthly leads to more expensive Rhode Island homeowners' insurance rates than you'd pay if you decide to pay yearly. This is because sending you 12 bills by mail monthly costs your insurance company much.
If you add to the fact that each check you make out is considered a transaction by their bankers, you'll see that they still pay some more on transaction charges for each check you pay in. twelve checks are 12 transactions which incur 12 different transaction charges. And as with everything else, it's you the end user or policy holder who will be responsible for that cost.
So, you will get lower premiums if you opt to pay your rates anually. You could save up to a month's premium in just a single year.
5. Set up your account to pay your rates automatically and you'll get cheaper Rhode Island home owner's insurance rates for that. If you don't know how to do this, ask your bank or agent. This is strongly advised because of its convenience and the fact that it gets you a discount.
6. You will save a lot of money in home insurance if you obtain and compare home insurance quotes from insurance quotes sites. You'll make savings if you use only one of such sites. But keep this in mind, you will get better results by using at least five. The straightforward reason for this is that you'll get many more home insurance quotes from a wider range of insurers. This increases your chances of getting better offers.
Here are my favorite quotes sites (highly recommended)...
Get Affordable Home Insurance Quotes
Home Insurance Quotes In Minutes
Friday, December 12, 2008
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