You don't have to do difficult things in most cases in order to bring down your Pennsylvania homeowner's insurance rates. It's generally small things that bring about huge savings. Let's go through some of them here...
1. You'll as well get a discount if you have motion-sensitive lighting for your home's exterior. Burglars 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 determining a home's risk to an insurance company and, consequently, your rate.
2. Endeavor to NOT leave your ladders within anybody's reach. Doing this would be making a burglar's operation a lot easier. Don't also let your tools litter around. Thieves will have an easier ride breaking into a home that offers them such opportunities. Keep them well and you'll be avoiding a high premium.
3. Make sure you do NOT forget to subtract the land's value from your home's value while applying for a home insurance policy. People who ignorantly do this pay for more insurance than would be of any benefit. They just insure their home for its full value without deducting the cost of the land.
If you made such a mistake, you need to re-evaluate your home insurance coverage and go through it again with your agent. Reduce your coverage to the cost of your home and its contents minus the cost of the land.
This implies that you'll pay far less on home insurance. Since insurance is for things that can't afford to lose, insuring the land which can neither be lost or damaged isn't a smart move.
4. Electing to pay your premiums on a monthly basis results in higher premiums than you would pay if you decide to pay yearly. Your insurer is compelled to send you 12 notices for monthly payments as against one for annual payments. This increases their overhead.
If you add to the fact that each check you give is considered a transaction by their bankers, you will see that they still pay extra on transaction charges for each check you pay in. Twelve checks mean Twelve transactions and will attract 12 separate fees.. And, believe it or not, these additional overheads are ultimately added to your rates.
Therefore choose annual payments instead if you want to save this way. You could save up to a month's premium within a year.
5. Set up your account to pay your premiums automatically and you'll get more affordable premiums for that. Just tell your bank that you want an EFT (Electronic Fund Transfer) in favor of your insurance provider. In addition to saving you in premiums you'll also save yourself much time and avoidable stress.
6. You can reduce your home insurance premium by obtaining and evaluating quotes from at least five reputable quotes sites.
Here are my favorite quotes sites (highly recommended)...
Get Affordable Home Insurance Quotes
Home Insurance Quotes In Minutes
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