Home Owners Insurance -- Seven Sure Tips

Contrary to what you might be made to believe, it's a lot easy to position yourself for an affordable rate. The only things that are holding you from getting a more affordable rate now are the right information and a commitment to make use of the tips you get -- Period. Below is a list of tips that will help you get to this goal...

1. Ensure you don't fail to subtract the land's cost from your home's value as you apply for a home insurance policy. Folks do this ignorantly. Insuring your home for the purchased price without subtracting the land's cost is an expensive error.

If you did this quickly call your agent and check through your coverage. Deduct the cost of your land and buy coverage only for your structures and its contents.

This means you will spend a lot less on home insurance. Don't ever forget that insuring the land your home is built on is real waste of money because it does you no good whatsoever.

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2. Your rate is affected by your credit history. The lower your credit rating, the higher the rates you attract. What your credit rating shows is how you have handled your bills and it speaks negatively about you if it is a poor one. An insurance company takes this to mean that you are financially irresponsible and will possibly default in paying your rates. If you're considered a likely defaulter, it makes you a higher risk and draws more expensive premiums than otherwise.

So do your utmost to attend to all your bills in a timely manner. It will help you get lower rates among other things.

3. You will get cheaper rates if you choose to pay your rates yearly and not monthly. This is because posting twelve bills by mail monthly costs your insurance company much.

If you add to the fact that each check you make out is seen as a transaction by their bankers, you will see that they still pay some more on transaction fees for each check you pay in. 12 checks mean 12 transactions and will attract 12 separate charges.. And, believe it or not, these extra overheads are eventually built into your rates.

You will make reasonable savings if you choose to pay yearly. What you will save could be as high as 8.5% of your total monthly premiums over the course of just one year.

4. Make the exterior of your home fire-safe and you will lower your home insurance rate. You'll do well if you ensure there's nothing that is inflammable close to your building. Although cutting bushes around your home looks simple, you will get cheaper rates if you do keep them at a distance of at least 10 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 that home.

5. You'll also enjoy a discount if you have motion-sensitive lighting for your home's exterior. Your house becomes a no-go area for thieves because they'll be noticed easily. The risk of burglary is a strong factor in checking a home's risk to an insurer and, consequently, your rate.

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6. Dead-bolt locks on all your exterior doors will help you attract a more affordable rate. They will make it harder for burglars to break into your house. The more fortified your home is against burglary, the lower the risk involved in insuring it.

7. Fitting window locks on each of your windows will help reduce your home's risk of burglary. Look forward to get far cheaper rates if you have windows that have burglary-proof bars If you're not one of those folks who feel so uncomfortable with such, they'll help you get huge discounts. Therefore, if you don't mind having burglary-proof bars in your home, have them fixed and you will be charged a lot less in your home insurance premium.
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