Homeowners Insurance -- Seven Tested Tips

You can get high quality coverage without paying top price. The two things that are holding you from attracting a better rate at the moment are relevant information and a determination to use the recommendations you get -- That's all. Here are a number of things that will help you get to this goal...

1. Ensure you do NOT fail to deduct the land's cost from your home's value as you apply for a home insurance policy. Those who ignorantly do this are paying a lot more than would do them any good. Insuring your home for the full price you bought it without deducting the land's worth is a big mistake.

If you did this quickly call your agent and review your home insurance policy. Lower your coverage to the cost of your home and its contents minus the land's cost.

Doing this will lower your premiums considerably and still have adequate home insurance coverage. No matter what you do and who you meet, remember that the only things you insure are things that can be stolen or destroyed and your land is not one of such.

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2. The amount you pay is influenced by your credit history. The poorer your credit rating, the higher the rates you get. If your credit rating is poor then you've been missing important payments. This is a behavior that most insurers believe will play out again in the way you pay up your premiums. This makes you less attractive to them and you, therefore, are made to pay much more than some other person with the same profile that has a very good rating.

Therefore, it is a wise decision to clear all your bills once they are due. Apart from the other benefits in doing so, it will ensure you get cheaper home insurance rates.

3. Making your premium payments once every year will save you a lot when compared to monthly payments. A major reason for this is the cost an insurer incurs by posting you twelve bills instead of just one yearly.

As if that was NOT enough expense, each check you send attracts its own transaction charge as well. They pay transaction fees 12 times instead of once a year for monthly premiums. And as with everything else, it is you the client or policy holder who will be responsible for that cost.

Therefore opt for annual payments instead if you intend to save through this means. You could save up to a month's premium in just a single year.

4. A fire-safe home exterior will help lower your rates. You'll be doing the right thing if you don't have anything that's inflammable close to your building. Bushes near your home should be cut and maintained at a distance of at least 10 feet from your building. This is because how fire-safe a home is goes a long way in affecting what it will cost to insure it.

5. You will as well get a discount if you have motion-sensitive lighting in your home. Your home becomes a no-go area for thieves since they'll be spotted easily. Your rate will be reduced once you've reduced your home's risk of burglary through this kind of lighting.

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6. Dead-bolt locks on all your exterior doors will help you attract a lower rate. They will make it more difficult for burglars to get into your house. And because a home's risk of burglary is a key determinant of home insurance rates, you will spend far less.

7. Do you have locks on all your windows? If you do NOT you'll be spending more because of that. You can take this to another level by building in burglary-proof bars on all your windows. If you're not one of those people who have a deep hatred for such, they'll get you huge discounts. If you are NOT against this quickly fix them in your home and get cheaper rates.
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