Homeowners Insurance -- Seven Sure Tips

Contrary to what you might be made to believe, it is a lot easy to attract a lower rate. You only need the right information and the discipline to practice what you'll learn to get a more affordable rate. Let us get into the tips you need to attract more affordable rates...

1. Ensure you do NOT forget to deduct the land's worth from the home's value while applying for a home insurance policy. Those who ignorantly do this are paying a lot more than would do them any good. They just insure their house for its entire value without deducting the cost of the land.

If you made such a mistake, you'll have to re-evaluate your home insurance coverage and check it again with your agent. Deduct the cost of your land and buy coverage only for your home and its contents.

Your rate will be less and you'll still have enough coverage if you do this right. No matter what you do and who you meet, bear it in mind that the only things you insure are things that can be lost or damaged and your land is not one of such.

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2. You'll spend more or less depending on your credit history. You'll pay higher home insurance premiums if you have a poor credit rating. If your credit rating is poor then you've been missing important payments. An insurer takes this to mean that you're financially irresponsible and will likely default in paying your rates. This makes you a bigger risk and therefore attracts a higher rate.

Therefore, it will do you much good to clear all your bills once they are due. It makes it easier for you to attract more affordable rates among other things.

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 payment notices instead of just one yearly.

As if that was NOT enough expense, each check they get attracts a transaction charge too. twelve checks mean 12 transactions which attract 12 different transaction charges. These and other charges so incurred by your insurance company are ultimately passed over to you, the policy holder..

You will get 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 house fire-safe and you will lower your home insurance rate. Having things that are very inflammable or that aid combustion around your building will make you pay more expensive rates. Bushes near your house should be cut and maintained at a distance of at least 10 feet from your building. The risk of fire in a house is one very strong issue that shapes your home insurance rate.

5. You will get cheaper rates if you've got motion-sensitive lighting on your property. Burglars will avoid any place where their movement will be easily noticed. And motion-sensitive lighting does this exactly. The risk of burglary is a key factor in determining a home's risk to an insurance company and, by extension, your rate.

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6. Dead-bolt locks on all your exterior doors will help you get a more affordable rate. This makes it difficult for intruders or burglars to have their way. And as you know, the lower the risk of burglary in a house, the cheaper rates it will get.

7. Window locks on every window will help you save since they reduce your home's risk of burglary. You will save even much more if you go one step more to have burglary-proof bars fixed on every window. Although most folks don't like this because it makes them feel like a prisoner in their own home, it really does lower your rate by a good amount. If you are not opposed to this have them fitted in your home and enjoy more affordable rates.
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