Home Owners Insurance -- 7 Proven Tips

Contrary to what you might be made to believe, it is quite easy to attract a lower rate. You only need the right recommendations and the motivation to practice what you'll learn to start enjoying a cheaper rate. Here are a few steps that will help you get to this goal...

1. Make sure you do NOT fail to deduct the land's worth from your home's value while applying for a home insurance policy. People do this ignorantly. You've made the same mistake if you insured your house for the cost you purchased it without finding out the cost of the land it is standing on and subtracting it.

If you did such ignorantly, you'll have to re-evaluate your home insurance coverage and check it again with your agent. Subtract the land's price and you'll discover that you will need far less coverage.

This implies that you will pay a lot less on home insurance. Bearing in mind that insurance is for valuables that you can't afford to lose, insuring the land which can neither be lost or damaged isn't right.

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2. The amount you pay is affected by your credit rating. Those who have excellent ratings pay far less than those who have low ratings. What your credit rating reveals is how you treat your bills and it speaks negatively about you if it's a poor one. This is a pattern that most insurers believe will play out again in the way you pay up your premiums. If you're seen as a potential defaulter, it makes you a higher risk and draws more expensive premiums than otherwise.

It will, therefore, be a smart step to do something about improving your credit rating. Apart from the other benefits in doing so, it will help you get lower home insurance premiums.

3. You will get cheaper rates if you choose to pay your premiums annually and not monthly. A major reason for this is the cost an insurer incurs by posting you 12 bills instead of just one each year.

Furthermore, each check you send attracts its own transaction charge as well. 12 checks mean Twelve transactions and will attract Twelve separate fees.. And as with everything else, it's you the end user or policy holder who bears that cost.

Therefore, you'll get lower rates if you opt to pay your premiums yearly. The real amount you could save might differ but you may be able to save up to a month's premium worth with most insurers if you choose this option.

4. A fire-safe home exterior will help reduce your rates. You'll be doing the right thing if you ensure there's nothing that is inflammable around your building. 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 is used to calculate what you pay as premiums.

5. Motion-sensitive lighting lowers your home's risk of burglary and, therefore, makes it easier for you to get lower home insurance premiums. Your home becomes a no-go area for thieves because they'll be spotted easily. Your rate will be lower once you've lowered your home's risk of burglary with this type of lighting.

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6. Do ensure that every door to the exterior has dead-bolt locks. This makes it difficult for intruders or burglars to break in. The more protected your home is against burglary, the lower the risk taken in insuring it.

7. Do you have locks on all your windows? If you do NOT you will be spending more because of that. You will save even much more if you go further to have burglary-proof bars fitted on every window. If you have nothing against this quickly fix them in your home and get more affordable rates.
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