Home Insurance -- Seven Sure Tips

Contrary to what you might be made to believe, it is quite easy to attract a lower rate. All you have to do to achieve this goal are little bits of information (Put into good use). We'll now take a look at a few time-tested ways to get better rates...

1. Don't insure your home along with the land it is built on as this will cost you more but very unnecessary. Folks do this without knowing. Insuring your home for the purchased price without subtracting the land's worth is an expensive error.

For folks who've mistakenly done this, call your agent and go through your home insurance coverage again. Lower your coverage to the cost of your house and its contents minus the land's value.

Your rate will be more affordable and you'll still have adequate coverage if you do this right. Because insurance is for things that can be lost or damaged, insuring the land which can neither get lost or damaged isn't right.

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2. The amount you pay is affected by your credit rating. The lower your credit rating, the higher the rates you attract. What your credit rating shows is how you treat your bills and it speaks negatively about you if it is a poor one. This is a behavior that most insurance carriers believe will play out again in the way you handle your premiums. If you're seen as a potential defaulter, it makes you a higher risk and draws more expensive premiums than otherwise.

So do all within your power to attend to all your bills in a timely manner. Apart from the other benefits in doing so, it will help you get cheaper home insurance rates.

3. You'll get cheaper rates if you choose to pay your rates yearly and not every month. An insurance carrier is compelled to send you 12 notices for monthly payments as against one for annual payments. This costs them more.

Furthermore, each check they get attracts a transaction charge too. They pay transaction charges 12 times instead of once annually for monthly payments. These and other charges so incurred by your insurance company are eventually paid by you, the policy holder..

Therefore, you will attract cheaper rates if you opt to pay your rates yearly. The actual amount you could save may differ but you may be able to save up to a month's premium worth with some insurers if you choose this option.

4. Make the exterior of your home fire-safe and you will reduce your home insurance rate. Having things that are highly inflammable or that aid combustion around your dwelling will make you pay higher rates. As simple as it seems, cutting back bushes and keeping them up to ten feet from your building will help reduce your rates. Fire-safety is a strong point that determines how much or little you pay as premiums.

5. You'll also enjoy a discount if you have motion-sensitive lighting in your home. Burglars will avoid any place where their activities will be easily spotted. And motion-sensitive lighting does this precisely. Your rate will be lower once you've reduced your home's risk of burglary through this kind of lighting.

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6. Getting dead-bolt locks on every exterior door will reduce your home insurance premium. They will make it harder for burglars to break into your home. The more fortified your home is against burglary, the better the risk involved in insuring it.

7. Fitting window locks on all your windows will help reduce your home's risk of burglary. You can take this to another level by fixing burglary-proof bars on them all. If you have nothing against this quickly fix them in your home and enjoy more affordable rates.
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