Homeowner Insurance -- 7 Sure Tips

Contrary to what you might have thought, it is a lot easy to attract a lower rate. All you need to achieve this goal are little bits of information (that you'd have to put to use, though). We'll now take a look at a few sure-fire ways to get better rates...

1. Ensure you do NOT fail to subtract the land's cost from your home's value while applying for a home insurance policy. People do this ignorantly. Insuring your home for the purchased price without subtracting the land's cost is a big mistake.

If you did this quickly call your agent and re-evaluate your coverage. Lower your coverage to the cost of your house and its contents minus the land's cost.

This implies that you'll pay far less on home insurance. Don't ever forget that insuring the land your home is standing on is plain waste of money since it does you no good whatsoever.

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2. Your credit rating has a serious impact on what you pay. The poorer your credit rating, the higher the rates you get. If your credit rating is poor then you've been missing important payments. No insurer is happy with this as it shows a pattern you are quite likely to repeat in the payment of rates. This makes you less attractive to them and you, therefore, are made to spend much more than someone else with the same profile that has a very good rating.

Therefore, it will do you much good to clear all your bills promptly. You'll attract lower rates if you do.

3. You'll get lower rates if you choose to pay your premiums annually and not every month. An insurer sends 12 notices for monthly payments as opposed to one for yearly payments. This costs them more.

The cost shoots up if you add the fact that they pay transaction charges for processing each check you send them monthly. twelve checks mean 12 transactions which mean 12 different transaction charges. And as with every other thing, it is you the end user or policy holder who will be responsible for that cost.

As a result, you will attract lower premiums if you choose to pay your rates yearly. The actual amount you could save may differ but expect to save up to a month's premium worth with some insurance companies if you settle for this option.

4. Make the exterior of your home fire-safe and you'll lower your home insurance rate. Do you have things that could likely help combustion near your house? They'll make you get higher rates. As easy as it seems, cutting back bushes and maintaining them up to 10 feet from your structures will help lower your premium. This is because how fire-safe a home is goes a long way in shaping what it will cost to insure it.

5. You will get cheaper rates if you've got motion-sensitive lighting on your property. Burglars will avoid any place where their activities will be easily observed. And motion-sensitive lighting does this exactly. 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. Fixing dead-bolt locks on every exterior door will lower your home insurance rate. This makes it difficult for intruders or burglars to have their way. The more protected your home is against burglary, the lower the risk taken in insuring it.

7. Do you have locks on each of your windows? If you do NOT you will be paying more because of that. Expect to attract far cheaper rates if you've windows that have burglary-proof bars If you are not one of those people who insist that having such makes them feel imprisoned in their own home, have them fixed if you want to reduce your home insurance premiums by a huge margin.
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