New York Home Owners Insurance -- 7 Sure Tips

Everyone can get high value coverage without breaking the bank. You only need the right recommendations and the determination to implement what you'll be taught to start enjoying a better rate. Let us get into the tips you need to get cheaper rates...

1. It is more expensive but very unnecessary to insure the land on which your house is built. Some people spend much more than they should on NY home insurance due to this mistake. Insuring your home for the full price you bought it without subtracting the land's worth is an expensive error.

If you did such ignorantly, you'll have to re-evaluate your NY home insurance coverage and go through it again with your agent. Lower your coverage to the cost of your house and its contents minus the land's cost.

This means you'll pay far less on NY home insurance. Don't ever forget that insuring the land your house is standing on is plain waste of money because it does NOT give you any added advantage.

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2. What you pay as premium is influenced by your credit rating. Folks who have excellent ratings pay far less than those who have poor ratings. A poor credit rating implies that you have not been paying your bills promptly. No insurer likes this as it suggests a behavior you're very likely to repeat in the payment of rates. If you're seen as a likely defaulter, it makes you a higher risk and attracts much higher rates than otherwise.

It will, therefore, be a good step to do something about making your credit rating better. It will help you get more affordable rates among other things.

3. Electing to pay your rates monthly results in higher premiums than you would spend if you choose to pay annually. This is because sending you twelve payment notices by mail monthly costs your insurance company much.

If you add to the fact that each check you give 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. twelve checks mean 12 transactions which attract 12 different transaction charges. And, believe it or not, these additional costs are ultimately added to your rates.

As a result, you will attract cheaper premiums if you choose to pay your rates yearly. What you will save could be as high as 8.5% of your total monthly payments over the course of just one year.

4. Make the exterior of your home fire-safe and you will lower your NY home insurance rate. You'll be doing the right thing if you ensure there's nothing that is inflammable close to your home. Although cutting bushes around your home looks mundane, you'll get cheaper premiums if you do maintain them at a distance of at least 10 feet from your building. The risk of fire in a home is a very strong factor that shapes your New York home insurance premium.

5. Motion-sensitive lighting reduces your home's risk of burglary and, therefore, makes it easier for you to get cheaper NY home insurance premiums. Burglars will keep off from places where their activities will be easily spotted. And motion-sensitive lighting does just that. Since thieves avoid houses with such lighting, you reduce your home's risk of burglary and, consequently, your rates.

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6. Dead-bolt locks on all doors to the exterior will help you get a more affordable rate. This makes it difficult for intruders or burglars to have their way. And because a home's risk of burglary is a key determinant of New York home insurance premiums, you'll pay far less.

7. Do you have locks on each of your windows? If you do NOT you'll be spending more because of that. You can take this to another level by fixing burglary-proof bars on all your windows. Even though most folks don't like this because it makes them feel like a prisoner in their own house, it really does reduce your premium considerably. Therefore, if you don't mind having burglary-proof bars in your home, have them fixed and you will be charged a lot less in your New York home insurance premium.
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