Thursday, August 27, 2009

Home owner Insurance -- Find Out How To Pay Less


You will get cheap quotes and end up finding the cheapest rate possible for your profile if you learn and do certain things. This write-up will teach you things you can do if you want to attract cheap homeowners' insurance rates without reducing the quality of coverage you enjoy...

1. Choosing to pay your premiums monthly results in higher rates than you'd spend if you choose to pay annually. An insurer sends 12 notices for monthly payments instead of one for yearly payments. This increases their overhead.

Furthermore, each check you send attracts a transaction fees as well. 12 checks are 12 transactions which incur 12 separate transaction charges. And, believe it or not, these additional overheads are ultimately built into your rates.

You will get considerable savings if you choose to pay annually. The actual amount you could save might differ but you may be able to save up to a month's premium worth with some insurers if you settle for this option.

2. You will as well get a discount if you have motion-sensitive lighting on your property. Thieves understandably don't like to operate in any place they could be easily noticed or caught. Your homeowners' insurance rate will be reduced once you've lowered your home's risk of burglary through this type of lighting.

3. The material you use in building your home has much effect on your home insurance rate. Buy a frame home if you want better resistance to earthquakes or buy a brick home if you want better resistance to high winds. So if you live in the East, you'll get more affordable premiums if you buy a brick house. On the other hand, folks who live in the West will pay lower rates if by buying a frame house because of the earthquakes there. Expect to save at least 5% if you choose a home with the recommended material.

4. Fixing a sprinkler will make you eligible for reasonable discounts. This is so because a sprinkler system helps in putting off fires. Although they are by no means affordable, they will get you considerable discounts. You can amortize the cost over several years thus reducing the difficulty in spending the amount involved in such a project.

5. It's more expensive and needless to insure the land on which your house is built. People do this ignorantly. Insuring your home for the purchased price without deducting the cost of the land it stands on is a big mistake.

If you did this quickly call your agent and re-evaluate your home insurance policy. Reduce your coverage to the cost of your home and its contents minus the land's value.

Doing this will lower your homeowners insurance rates by a huge margin and still leave with adequate home insurance coverage. No matter what you do and who you get in contact with, bear it in mind that the only things you insure are things that can be lost or destroyed and your land is not one of such.

6. You will save a lot if you only have between 25-30 minutes. Visit, get and compare home insurance quotes from several insurance quotes sites. The cheapest quote should be what you pick easily. But, you have to look beyond simply the cheapest quote to the best price/value. The cheapest may not offer the best price/value for you as an individual.

Get Cheap Home Insurance Quotes And Save Much Now!
Get Quick Free NO-Obligation Quotes Now And Save!

No comments:

Post a Comment