Homeowner Insurance -- For Those Who Want More Affordable Rates

Are you committed to slashing your homeowner insurance costs by reducing your insurance premium? Then your search stops here as this article will show you steps to take and point you to all the resources you need to pay far less. I'll share time-tested steps for anyone to get the most affordable rate for their profile or coverage needs. In addition, the tips I'll give to you will NOT force you to make do with inadequate coverage all in the name of getting cheap rates. Here they are...

1. Using the same insurer for more than one policy will get you discounts. This is called a multi-policy discount and is given by all insurers. However, you might save more by getting your policies from different insurance companies.

2. You lower your homeowners insurance rate by enforcing measures that will make your home more disaster-proof. Apart from making sure that you have everything in place to protect against fire and burglary, the following will help for different locations...

a. Storm shutters will afford your home superior protection from wind damage.

b. Those who live in areas that are prone to high winds will will be better protected if they use heavy roofing material. This in turn helps reduce their rates.

c. If you live in a state where earthquakes are likely, you'll save if your home is retrofitted against earthquakes.

d. Dry limbs on trees could easily cause injuries that will lead to liability claims. Therefore, ensure that you cut off all dry or dead limbs on trees on your property.

e. You will also do well if you keep your trees at a safe distance from your house for obvious reasons. A tree can help burglars and their branches can also fall off and damage part of your house. Depending on the type of roofing material you use, this could also reduce its durability.

Ask your home owners insurance agent for other things you should do if you want to bring down your home's risk.

It is also neccessary to check if the discount you'll receive justifies the cost of implementing the advice. You will pay far less on your home owners insurance if you implement these.

3. Ensure you do NOT make the mistake of not subtracting the land's value from your home's cost while applying for an homeowners insurance policy. People do this without knowing. You've made same mistake if you insured your home for the cost you purchased it without checking the cost of the land it's built on and subtracting it.

If you made such a mistake, you need to re-evaluate your home owner insurance coverage and go through it again with your agent. Subtract the land's value and you'll discover that you'll need far less coverage.

Doing this will reduce your rates considerably and still have adequate home insurance coverage. Because insurance is for valuables that can be lost or damaged, insuring the land which can neither get lost or damaged isn't a smart move.

4. You pay less if you take measures to reinforce your roof. This is very true if you live in the East where high winds are a serious threat. Your agent should be able to outline things you can do if you a discount this way. Adding heavier shingles is one way of doing it.

5. Keeping a government home owner insurance policy could be making you pay a lot more on home insurance than you would otherwise. Certain areas used to find it difficult to get home insurance coverage. Then it was only the government's policy that was available to them. However, at the moment there are a number of private insurers who also offer coverage for such places.

Depending on your location, though, you might still have no better choice but to use government homeowners insurance. But if your area is now covered by some private insurance providers you might save a lot more by switching to them.

6. You'll save a lot if you do shop around and do thorough comparison. The range of quotes received per request could be as wide as $1,000 for a given person. Although this is a good thing, it's crucial that you don't get too excited yet. It's not normally that easy if you're after the best price/value.

The cheapest price may not offer you the best price/value. Notwithstanding that each of the quotes presented will certainly give you the same basic coverage, there may be several differences in the details of each insurer's coverage. This makes it important that you find out if there aren't any exclusions that won't serve your best interest.

Remember to treat these no-obligation quotes as their name implies. Don't feel you have to pay unless you've had all your questions answered satisfactorily. You will saved from rude surprises down the road if you do this.

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