It doesn't usually take applying a hundred tips to get massive discounts while maintaining adequate coverage. Just understanding some compulsory things and doing them will make a huge difference. Let's examine some of them here...
1. You'll pay less if you've got motion-sensitive lighting for your home's exterior. Thieves generally don't like to operate in any environment they could be easily seen or caught. Your West Virginia homeowners' insurance rate will be reduced you'd have lowered your home's risk of burglary through such lighting.
2. Do your best to NOT leave your ladders within everybody's reach. You might be providing burglars with the very equipment required for their activity. Do not also leave your tools, machinery or such on the lawn or anywhere in the open as they could lead to accidental injury and add to your liability claims. just as with ladders, tools and such could help a thief in breaking into your home. All such things will eventually add to premium if you don't keep them in the right place.
3. Don't insure your house along with the land it is built on as this will cost you more but very unnecessary. Folks do this ignorantly. You've made same mistake if you insured your house for the price you purchased it without checking the cost of the land it's built on and subtracting it.
If you did this quickly call your agent and review your home insurance policy. Deduct the land's cost and buy coverage only for your home and its contents.
This means you will spend a lot less on home insurance. Bear it in mind that insuring the land your home is standing on is real waste of money since it does give you any added advantage.
4. Yearly premium payments will save you a lot when compared to monthly payments. Your insurance carrier sends 12 notices for monthly payments as against one for annual payments. This increases their overhead.
If you add to the fact that each check you make out is seen as a transaction by their bankers, you will see that they still spend extra on transaction fees for each check you pay in. They pay transaction charges 12 times instead of once anually for monthly premiums. And as with everything else, it's you the customer or insured who bears that cost.
Therefore choose annual payments instead if you intend to save this way. What you will save could be as much as 8.5% of your total monthly premiumss over the course of just one year.
5. Let your insurer be paid your premiums automatically and you will get you a considerable discount. Just tell your bank that you intend to set up an EFT (Electronic Fund Transfer) in favor of your insurance provider. This is strongly advised because of its convenience and the fact that you also get a discount.
6. You can reduce your home insurance premium by getting and comparing quotes from at least five good quotes sites.
Here are my favorite quotes sites (highly recommended)...
Get Affordable Home Insurance Quotes
Home Insurance Quotes In Minutes
Monday, December 15, 2008
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