Everyone can enjoy high quality Maine home insurance coverage without paying top price. You only need the right recommendations and the resolve to implement what you'll be taught to get a better rate. Let us now look at a number of sure-fire ways to get more for a lot less...
1. It's more expensive and needless to insure the land on which your home is standing. Folks do this without knowing. They just insure their home for its complete value without subtracting the cost of the land.
If you made this mistake quickly meet with your agent and re-evaluate your Maine homeowner insurance policy. Deduct the value of your land and buy coverage only for your home and its contents.
Doing this will lower your premiums considerably and still have adequate home insurance coverage. No matter what you do and who you get in contact with, remember that the only things you insure are things that can be lost or damaged and your land is not one of such.
2. You'll pay more or less depending on your credit history. You'll attract higher Maine homeowner insurance rates if you have a poor credit rating. A poor credit rating implies that you've not been paying your bills in a timely fashion. An insurance company takes this to mean that you are financially irresponsible and will likely default in paying your premiums. If you are considered a likely defaulter, it makes you a bigger risk and attracts much higher premiums 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 lower rates among other things.
3. You'll pay more affordable rates if you elect to pay your premiums annually and not monthly. An insurance carrier sends 12 notices for monthly payments instead of one for yearly payments. This costs them more.
If you include the fact that each check you give is seen as a transaction by their bankers, you will see that they still pay extra on transaction charges for each check you pay in. They pay transaction charges twelve times instead of once annually for monthly payments. And as with everything else, it is you the end user or insured who will be responsible for that cost.
As a result, you will attract cheaper premiums if you opt to pay your rates annually. You could save up to a month's premium within a year.
4. You can save more by visiting a minimum of 5 Maine homeowner insurance quotes sites. If you do this, you'll increase your chances of getting the lowest quotes possible as five sites will give up to 25 quotes altogether.
Here are my favorite quotes sites (highly recommended)...
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