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Arkansas home insurance: If you must attract big discounts, then you must NOT miss certain things. Here are a few of such things... 1. Do not buy a house without getting a CLUE (comprehensive Loss Underwriting Exchange) report if you are determined to save on home insurance. This report will reveal things that could cost you in insurance. Residing in a town that has just a volunteer fire service, for example, will surely mean you'll pay more expensive rates. In addition, the distance of a home to the closest fire hydrant affects home insurance rates as well as how near it is to a police station. Get such crucial information before making a down payment for a house. The little savings you made on a home purchase might become insignificant when compared to the premiums you'll pay over the years. 2. Smoking raises the risk of a fire in your house. Going by what reports show, about 23,000 residential fires result from smoking. You'll pay less in home insurance if no member of your household smokes. For those who smoke, note that you're entitled to a downward review in your rate once you've quit smoking for over 12 months. Unless your insurer is among the few that do NOT consider smoking as a factor in determining your rate, change to another insurer if your rate is not lowered after this. 3. Improve your heating, electrical and plumbing systems to modern standards and you'll enjoy a discount of as much as 15%. Even though you may like the old-school fire place, you certainly are aware that it is really not as fire-safe as a current heating system. Strides have been made in house building technology. Make good use of them as they'll not only lower your home insurance rates but increase the value of your property in several cases. 4. You might be surprised to hear that you might not know half the discounts that you could easily qualify for. If you do not know something exists you can't prepare yourself to benefit from it. Can you? Make sure your agent tells you of every discount possible and what you can do to benefit from them. That an insurance company does not advertise certain discounts does not mean they don't give them. 5. Although you've the choice of insuring against all imaginable peril, you actually don't need to. There are perils that are very unlikely in some areas. Different states have perils that have high chances of occurring and those that are almost impossible. It is truly good financial advice to purchase coverage for any peril that has a good possibility of happening. Buying insurance for a peril that has never happened in a state can be rightly seen as a waste. Choosing the right perils will make you buy only coverage you need. This will result in savings if you had excess coverage in the past. 6. A neighborhood watch will make your neighborhood safer and therefore result in less expensive rates. Let your home insurance agent know if there is one in your neighborhood. And, if you do not have one, discuss with your neighbors about starting one. Everyone in your community stands to benefit as this will lower their home insurance premiums. 7. A home without fire escapes isn't quite as safe as a home should be. Does yours have them? If you say "yes" then ensure that your agent is aware of it as it should get you a small discount. Even if all you have are simple rope ladders for the upper rooms, you still could get some discounts. Make sure you have a fire escape unless you do not want to benefit from this savings opportunity. In order to guarantee savings, ask your agent what your insurer considers the right fire escape. 8. You could save some hundreds of dollars by just getting and evaluating quotes from a minimum of five quotes sites. It's free, quick and easy.
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