Home Owners Insurance -- Seven Sure Tips

Contrary to what you might have thought, it's a lot easy to attract an affordable rate. All you need to achieve this goal are pieces of information (Put into practice). Let's get into the tips you need to attract cheaper rates...

1. Don't insure your home along with the land it is standing on as this is more expensive but quite needless. Some folks pay much more than they should on home insurance because they made this mistake. Insuring your home for the full price you bought it without deducting the land's worth is a big mistake.

For folks who've ignorantly done this, call your agent and check your home insurance coverage again. Subtract the land's value and you'll find out that you will need far less coverage.

Your rate will be more affordable and you'll still have sufficient coverage if you do this right. 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. What you pay as premium is influenced by your credit rating. You'll attract higher home insurance premiums if you have a low credit rating. If your credit rating is bad then you've been missing important payments. An insurer interprets this to mean that you're not financially very responsible and will likely default in paying your premiums. This makes you a higher risk to them and you, therefore, are made to pay higher than some other person with similar profile that has a very good rating.

Therefore, it is a wise decision to clear all your bills promptly. You'll get lower rates if you do.

3. You'll get cheaper rates if you elect to pay your rates annually and not every month. A strong reason for this is the cost an insurer incurs by posting you 12 bills instead of just one annually.

The cost increases if you add the fact that they pay transaction charges for processing each check you give them monthly as payment. twelve checks mean 12 transactions which attract 12 separate transaction charges. And as with every other thing, it is you the end user or insured who will be responsible for that cost.

Therefore opt for annual payments instead if you intend to save through this means. The actual amount you could save might differ but you may be able to save up to a month's premium worth with some insurance companies if you choose this option.

4. Ensure that the exterior of your home is fire-safe and your premium will be lower. You'll be doing the right thing if you ensure there's nothing that is inflammable around your home. Although cutting bushes around your house looks mundane, you will get cheaper rates if you do keep them at a distance of at least ten feet from your structures. This is because how fire-safe a home is goes a long way in determining what it will cost to insure it.

5. Motion-sensitive lighting lowers your home's risk of burglary and, as a result, makes it easier for you to get lower home insurance rates. Your home becomes a no-go area for thieves as they'll be spotted easily. 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. Do ensure that each door to the exterior has dead-bolt locks. It's harder for burglars to operate in homes that have such locks. The more protected your home is against burglary, the lower the risk involved in insuring it.

7. Window locks on every window will help you save because they reduce your home's risk of burglary. Expect to pay far cheaper rates if you have windows that have burglary-proof bars If you're not one of those people who insist that having such makes them feel imprisoned in their own house, have them fitted if you want to lower your home insurance rates considerably.
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