Homeowners' Insurance -- Four Tested Tips For Massive Discounts
3:31 AM
Contrary to what you might be made to believe, it is quite easy to get an affordable homeowners' insurance rate. The only things that keep you from getting a cheaper rate at the moment are relevant information and a resolve to make use of the information you get. Following are a number of things that will help you reach this goal...
1. It's more expensive and needless to insure the land on which your house is standing. Folks do this without knowing. They just insure their home for its full value without deducting the cost of the land.
If you made such a mistake, you need to re-evaluate your homeowners insurance coverage and check it again with your agent. Reduce your coverage to the cost of your house and its contents minus the worth of the land.
Your premium will be more affordable and you'll still have sufficient coverage if you do this right. Do not ever forget that insuring the land your house is built on is plain waste of money because it does you no good whatsoever.
Homeowner Insurance Quotes
2. You will spend more or less depending on your credit rating. You will attract higher home owners insurance rates if you have a poor credit rating. If your credit rating is poor then you've NOT been faithful in paying up your bills. No insurer likes this as it suggests a pattern you are very likely to repeat in the payment of premiums. If you're considered a likely defaulter, it makes you a bigger risk and draws more expensive rates than otherwise.
It will, therefore, be a smart step to do something about improving your credit rating. It makes it easier for you to get cheaper rates among other things.
3. Electing to pay your premiums on a monthly basis results in higher premiums than you'd spend if you decide to pay annually. A strong reason for this is the cost an insurance company incurs for posting you 12 bills instead of just one anually.
The cost shoots up if you add the fact that they pay transaction fees for processing each check you send them monthly. Twelve checks mean Twelve transactions and will attract 12 separate charges.. And as with everything else, it is you the customer or insured who will be responsible for that cost.
You will make considerable savings if you begin to pay yearly. The real amount you could save may differ but you may be able to save up to a month's premium worth with most insurance companies if you choose this option.
4. You could save several hundreds of dollars by simply getting and comparing quotes from about five insurance quotes sites. And, it will take only a total of 25 minutes.
1. It's more expensive and needless to insure the land on which your house is standing. Folks do this without knowing. They just insure their home for its full value without deducting the cost of the land.
If you made such a mistake, you need to re-evaluate your homeowners insurance coverage and check it again with your agent. Reduce your coverage to the cost of your house and its contents minus the worth of the land.
Your premium will be more affordable and you'll still have sufficient coverage if you do this right. Do not ever forget that insuring the land your house is built on is plain waste of money because it does you no good whatsoever.
Homeowner Insurance Quotes
2. You will spend more or less depending on your credit rating. You will attract higher home owners insurance rates if you have a poor credit rating. If your credit rating is poor then you've NOT been faithful in paying up your bills. No insurer likes this as it suggests a pattern you are very likely to repeat in the payment of premiums. If you're considered a likely defaulter, it makes you a bigger risk and draws more expensive rates than otherwise.
It will, therefore, be a smart step to do something about improving your credit rating. It makes it easier for you to get cheaper rates among other things.
3. Electing to pay your premiums on a monthly basis results in higher premiums than you'd spend if you decide to pay annually. A strong reason for this is the cost an insurance company incurs for posting you 12 bills instead of just one anually.
The cost shoots up if you add the fact that they pay transaction fees for processing each check you send them monthly. Twelve checks mean Twelve transactions and will attract 12 separate charges.. And as with everything else, it is you the customer or insured who will be responsible for that cost.
You will make considerable savings if you begin to pay yearly. The real amount you could save may differ but you may be able to save up to a month's premium worth with most insurance companies if you choose this option.
4. You could save several hundreds of dollars by simply getting and comparing quotes from about five insurance quotes sites. And, it will take only a total of 25 minutes.
About the Author:
For more tips go to Home owners Insurance Quotes and Cheap Home Contents Insurance. Chimezirim Odimba writes on finance.
You can leave a response, or trackback from your own site.