Homeowners Insurance -- Find Out Ways To Get Discounts

Those who know the right steps to take don't find it difficult attracting the lowest rates without compromise to the quality of coverage they get. I'll share a number of you have to do if you want considerable discounts that won't leave you with insufficient coverage...

1. Making your premium payments once every year will save you a lot when compared to monthly payments. This is because sending you 12 bills by mail each month costs your insurance company much.

The cost shoots up if you include the fact that they pay transaction charges for processing each check you send them monthly. twelve checks mean 12 transactions which attract 12 separate transaction charges. And as with everything else, it's you the customer or policy holder who bears that cost.

Therefore, you will attract lower premiums if you opt to pay your premiums yearly. What you will save could be as much as 8.5% of your total monthly payments over the course of just one year.

2. Motion-sensitive lighting reduces your home's risk of burglary and, therefore, makes it easier for you to get cheaper home insurance premiums. Burglars will keep off from places where their activities will be easily noticed. And motion-sensitive lighting does this precisely. The risk of burglary is a key factor in calculating a home's risk to an insurer and, consequently, your rate.

3. The kind of building material you use can save you a great deal in premiums. Buy a frame home if you want more resistance to earthquakes or buy a brick home for better resistance to high winds. This means that people who live in the East will make huge savings if they buy a frame home. For folks who live in the West, they'll spend more if they have a brick home. Buying a home built with the appropriate material for your state will save you a minimum of 5%.

4. Fixing a sprinkler will get you reasonable discounts. The reason for this is that a sprinkler system does a fine job of putting off fires. It's slightly costly so you'll do yourself a lot good to ask your agent what you'll save if you have this installed.

5. It's more expensive and needless to insure the land on which your home is standing. People who ignorantly do this are paying a lot more than would be of any benefit. You've made same mistake if you insured your house for the price you purchased it without finding out the cost of the land it's built on and deducting it.

If you made such a mistake, you'll have to review your home insurance coverage and go through it again with your agent. Deduct the land's value and use only the cost of your house and its contents.

With such a review you will reduce your home insurance rates by a huge margin and still have adequate home insurance coverage. Do not ever forget that insuring the land your house is standing on is real waste of money because it does give you any added advantage.

6. Take out some time to visit not less than five insurance quotes sites that offer quotes on home insurance policies. Doing this will take you not more than 25 minutes. While you visit each quotes site, make sure you give the same details. Doing otherwise will give you misleading quotes. When you've obtained your home insurance quotes, compare them to see which serves your interest best both in price and value.

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