NY Homeowners Insurance -- Seven Sure Tips

Everyone can enjoy high quality coverage without breaking the bank. You just need the right tips and the resolve to implement what you'll be taught to get a better rate. We'll now take a look at a few sure-fire ways to get more for a lot less...

1. Don't insure your home along with the land it is built on as this is more expensive but very needless. A good number of folks pay much more than they should on NY home insurance due to this mistake. You've made the same mistake if you insured your house for the cost you bought it without finding out the cost of the land it is built on and subtracting it.

If you did such ignorantly, you'll have to review your NY home insurance coverage and check it again with your agent. Deduct the value of your land and buy coverage only for your house and its contents.

Your rate will be cheaper and you'll still have sufficient coverage if you do this right. Bearing in mind that insurance is for things that you can't afford to lose, insuring the land which can neither get lost or damaged isn't right.

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2. You will spend more or less depending on your credit history. Folks who have very good ratings pay far less than folks who have low ratings. A poor credit rating suggests that you've not been paying your bills promptly. This is a behavior that most insurers believe will play out again in the way you treat your premiums. This makes you a bigger risk and therefore attracts a higher rate.

It will, therefore, be a smart step to do something about improving your credit rating. It will help you attract lower rates among other things.

3. You will get lower rates if you elect to pay your premiums annually and not every month. Your insurer sends 12 notices for monthly payments as against one for yearly payments. This costs them more.

The cost increases if you include the fact that they pay transaction charges for processing each check you give them monthly as payment. They pay transaction fees 12 times instead of once annually for monthly premiums. And, believe it or not, these extra costs are ultimately built into your rates.

You will make reasonable savings if you choose to pay 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 sure that the exterior of your house is fire-safe and your premium will be cheaper. Having things that are quite inflammable or that help combustion close to your dwelling will make you pay more expensive rates. As easy as it looks, cutting back bushes and maintaining them up to ten feet from your structures will help reduce your premium. Fire-safety is a major point that determines how much or little you pay in premiums.

5. Motion-sensitive lighting lowers your home's risk of burglary and, as a result, makes it easier for you to get cheaper New York home insurance premiums. Burglars naturally do NOT like to operate in any place they could be easily noticed or caught. 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 your exterior doors will help you attract a lower rate. They will make it more difficult for burglars to get into your house. The more secured your home is against burglary, the less the risk taken in insuring it.

7. Having window locks on each of your windows will help lower your home's risk of burglary. You will save even a lot more if you go further to have burglary-proof bars fixed on every window. Even though most people do not like this because it makes them feel like a prisoner in their own home, it really does lower your rate by a good amount. Therefore, if you don't mind having burglary-proof bars in your house, have them built in and you'll pay a lot less in your New York home insurance rate.
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