Home Insurance -- 7 Proven Tips

Contrary to what you might be made to believe, it's a lot easy to attract a cheaper rate. The two things that that keep you from enjoying a more affordable rate at the moment are the right information and a resolve to make use of the tips you get -- That's all. Let us now look at a number of sure-fire ways to get this done...

1. Do not insure your home along with the land it is built on as this is more expensive but very needless. People do this without knowing. They just insure their home for its complete value without subtracting the cost of the land.

For those who have ignorantly done this, call your agent and go through your home insurance coverage again. Subtract the cost of your land and use only the cost of your house and its contents.

Your rate will be cheaper and you'll still have adequate coverage if you do this right. Always remember that insuring the land your house is built on is plain waste of money because it does NOT give you any added advantage.

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2. Your credit rating has a serious impact on what you pay. The lower your credit rating, the higher the rates you attract. What your credit rating reveals is how you have handled your bills and it speaks negatively about you if it is a poor one. No insurer is happy with this as it suggests a behavior you are quite likely to repeat in the payment of premiums. This marks you out as a bigger risk and so justifies a higher rate.

It will, therefore, be a good step to do something about making your credit rating better. You'll attract lower premiums if you do.

3. You will get lower rates if you elect to pay your rates annually and not monthly. A strong reason for this is the cost an insurer incurs by sending you twelve bills instead of just one annually.

If you add to the fact that each check you cut is seen as a transaction by their bankers, you will see that they still spend some more on transaction fees for each check you pay in. 12 checks are 12 transactions which attract 12 separate transaction charges. These and other costs so incurred by your insurance company are eventually paid by you, the insured..

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

4. A fire-safe home exterior will help reduce your rates. You'll be doing the right thing if you ensure there's nothing that is inflammable close to your building. Although cutting bushes around your house looks simple, you will get lower premiums if you do maintain them at a distance of at least 10 feet from your building. The risk of fire in a home is one very strong factor that shapes your home insurance premium.

5. You will get cheaper rates if you have motion-sensitive lighting in your home. Thieves generally do NOT like to operate in any environment they could be easily seen or caught. Because thieves keep off from houses with such lighting, you reduce your home's risk of burglary and, consequently, your premiums.

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6. Do ensure that every door that leads outside has dead-bolt locks. This makes it difficult for intruders or burglars to have their way. And because a home's risk of burglary is a strong factor in calculating your home insurance premiums, you'll spend far less.

7. Fitting window locks on all your windows will help lower your home's risk of burglary. Expect to get far cheaper rates if you've windows that have burglary-proof bars If you're not one of those people who feel so uncomfortable with these kind of fittings, they'll get you reasonable discounts. If you are not one of those people who insist that having such amounts to being imprisoned in their own house, have them fitted if you want to reduce your home insurance rates by a huge margin.
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