As homeowners insurance premiums rise across the nation, Bankrate.com writes a helpful story on ways to keep your premiums down. The tips may surprise you. Some of the highlights include:
- Don't think a series of small claims is better than one big claim. The smaller clains are more expensive to process for an insurer and may result in higher premiums for your home.
- Don't lie about your history of claims -- similar to CARFAX, homeowners have a "record" that track prior filings and getting busted is only a database search away.
- Higher credit scores can lead to lower premiums because homeowners will higher scores tend to make fewer claims.
- Your driving records impact your premium calculation.
The article also provides a fair amount of myth-busting so it's worth a read. A few minutes could save you some good money on your home insurance.
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