Homeowner Insurance Rate -- Paying Less While Still Enjoying Quality Coverage

Would you like a more affordable rate while maintaining adequate home owner insurance coverage? Here are tips that will help you attract considerable discounts without difficulty...

1. Do ensure that every door to the exterior has dead-bolt locks. This makes it hard for intruders or burglars to have their way. And as you know, the less the risk of burglary in a house, the more affordable premiums it will get.

2. Cut down on your homeowners' liability coverage while you buy an umbrella policy instead and you'll lower your rate considerably. You pay a lot less for more extensive coverage from liability claims this way.

Don't forget what the liability part of your homeowners' insurance policy is for: To shield you from losses you could suffer due to injuries to people on your property. It should as well cater for lawsuits that might be occassioned by this. But like all things in insurance, there's a limit to the amount that is covered and your home liability coverage might even be totally inadequate.

Nevertheless, an umbrella insurance policy will typically bankroll fully even the craziest of lawsuits and all it would have cost you is just a negligible premium amount.

3. You'll get reasonable discounts if you install a sprinkler system. This is so because a sprinkler system works well in putting off fires. It's quite costly so you'll do well to ask your agent what you will save if you have this installed. You can amortize the cost over several years thus reducing the difficulty in paying the amount involved in such a project.

4. You'll probably reduce your premium if you take time out to review your homeowners' insurance policy at least once a year or whenever things change in your home. The value of your diamond ring might have changed considerably and therefore require that you review your coverage.

Lower your coverage by the same percentage if it has dropped in value and as a result you will save and still have sufficient coverage. However, remember that a review could also show that it is now worth a lot more and so require that you add to your coverage. The interesting thing, though, is that whichever it is you will be the better for it.

5. A home without fire escapes is NOT really safe as it could be. Does yours have them? If your answer is "yes" then ensure that your agent knows about it as it should bring you a small discount. Don't fail to tell your agent even if all you have as fire escapes are rope ladders. If, on the contrary, you do not have any fire escape or the right number and type, you're possibly missing out on discounts you should get. And don't forget to ask your agent what your insurer requires as a standard fire escape because complying with that guarantees savings.

6. You will save a lot of dollars by visiting at least five home insurance quotes sites. If you do this, you'll be able to get the lowest quotes possible because five sites will return up to 25 quotes altogether.

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