Home Insurance -- Seven Tested Tips

You can enjoy high value coverage without breaking the bank. The only things that stand between you and getting a more affordable rate at the moment are relevant information and a determination to use the recommendations you get -- That's all. Here are several tips that will help you achieve this goal...

1. Ensure you do NOT forget to deduct the land's cost from your home's value while applying for a home insurance policy. People who ignorantly do this are paying a lot more than would be of any benefit. They just insure their house for its full value without subtracting the land's cost.

For those who have mistakenly done this, meet with your agent and go through your home insurance coverage again. Deduct the value of your land and buy coverage only for your structures and its contents.

With such a review you will lower your rates considerably and still leave with enough home insurance coverage. Always remember that insuring the land your home is standing on is real waste of money because it does you no good whatsoever.

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2. Your credit history has a serious impact on your rate. The poorer your credit rating, the higher the rates you get. If your credit rating is bad then you've NOT been faithful in paying up your bills. This is a pattern that most insurance carriers believe will be exhibited in the way you treat your premiums. This marks you out as a bigger risk and therefore attracts a higher rate.

So do your utmost to pay all your bills in a promptly. It will help you attract cheaper rates among other things.

3. You'll get cheaper rates if you elect to pay your premiums yearly and not monthly. This is because posting twelve payment notices by mail each month costs your insurer a lot.

If you include the fact that each check you make out 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 annually for monthly payments. And as with everything else, it is you the customer or policy holder who bears that cost.

As a result, you will get cheaper rates if you decide to pay your premiums annually. You could save up to a month's premium within a year.

4. A fire-safe home exterior will help lower your rates. Having things that are very inflammable or that help combustion close to your building will make you pay more expensive rates. Although cutting bushes around your home looks mundane, you will get cheaper premiums if you do keep them at a distance of at least 10 feet from your building. Fire-safety is a strong point that is used to calculate how much or little you pay in premiums.

5. You will as well enjoy a discount if you have motion-sensitive lighting for your home's exterior. Thieves understandably don't like to operate in any environment they could be easily seen or caught. The risk of burglary is a key factor in calculating a home's risk to an insurer and, consequently, your premium.

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6. Make sure every door to the exterior has dead-bolt locks. They will make it more difficult for burglars to get into your house. And as you know, the less the risk of burglary in a home, the more affordable premiums it will get.

7. Do you have locks on all your windows? If you don't you'll be paying more because of that. You can take this to another level by fixing burglary-proof bars on all your windows. If you're not one of those people who have a deep hatred for such, they'll get you huge discounts. Therefore, if you are not bothered by having burglary-proof bars in your house, have them fixed and you will be charged a lot less in your home insurance premium.
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