Friday, November 20, 2009

Cheaper Homeowners Insurance -- Ways To Save Much Without Putting Yourself At Risk


There are many options open to anyone who plans to enjoy cheap home insurance. Nevertheless, some of them could put you at risk. I do NOT generally recommend such options since they defeat the main aim of a home insurance policy in the first place. Therefore, I'll only show you tips that will also have you adequately covered in spite of saving you much. Here they are...

1.You'll pay more or less depending on your credit rating. Those who have very good ratings pay far less than people who have poor ratings. What your credit rating shows is how you have handled your bills and it speaks negatively about you if it's a poor one. An insurer interprets this to mean that you are financially irresponsible and will likely default in paying your premiums. This marks you out as a bigger risk and therefore attracts a higher rate.

It will, therefore, be a good step to do something about making your credit rating better. You'll draw lower premiums if you do.

Insurance Quotes

2.Government home insurance policies could really be costing you more than what you can now get with private insurers. Natural disasters in certain areas made it very difficult for those there to obtain home insurance coverage. The only remedy for such people then was to go to a government agency that offered government homeowner's insurance. But this has changed in some areas as some private insurance companies have braved it and found a means of offering insurance to such areas.

Some may still have little or no other way of obtaining home insurance coverage apart from a government homeowner's insurance. Nevertheless, this isn't generally true as you may get better coverage at a lower price from some private insurance companies.

3.Smoking increases the risk of a fire in your house. With over 23,000 residential fires being caused by smoking you will agree that it is really an important factor. You'll pay less on your home owner insurance policy if nobody in your household smokes. For those who smoke, note that you're eligible for a downward review in your rate once you've quit smoking for more than twelve months. Apart from if your insurer is among the few that don't consider smoking as a factor in arriving at your rate, change to another insurer if your premium is not lowered after this.

4.Fit your home with shatter-proof windows and you will enjoy lower rates. Therefore, replace your old windows with these especially if you live in areas that are troubled by high winds and hail storms. I recommend that you discuss this with your agent even before you start the changes as he or she might make contributions that will bring in more savings.

Insurance Quotes

5.Do you understand all your home insurance policy excludes? They are things that the policy doesn't provide you coverage for.

Before you start celebrating about that cheap offer, ensure that the exclusions section doesn't remove things of great importance to you. Any home insurance policy that puts you at risk isn't really worth the paper it's written on no matter how inexpensive it is. Do NOT wait until you make a claim to discover that you actually didn't have the coverage you intended.

6. You might save several hundreds of dollars by just getting and comparing quotes from at least five quotes sites. And, it will require only a total of 25 minutes.

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

No comments: