A Home Insurance Update
Your home is your most significant investment, so it pays to protect your investment with homeowners insurance. Homeowners insurance offers many coverage benefits besides just replacement or repair to your home and personal property. Your homeowners insurance can also cover your personal liability, the cost of temporary housing and much more. However, there are times when your homeowner’s insurance premiums may go up. We thought it would be important to outline some of the things that might cause your premiums to increase.
Some dog breeds could impact your insurance. Make sure your agent knows the breed of your dog so they can get the best price possible.
If you own a swimming pool you have a greater risk of having a claim. Pools are fun entertainment, make sure there is a fence around your pool. While owning a pool will not impact your rates, if could if you have a diving board and if your pool is not fenced.
Location of Your Home
The location of your home is essential in determining your premiums. The closer you are to a fire station and fire hydrant, the lower your premium may be.
Married people file fewer claims and therefore may benefit by having lower home insurance premiums.
If your region or area has suffered from floods, wildfire, or some other natural disaster, everyone is likely to pay more. Insurance is based on providing insurance protection to a large number of people for a small amount of money. If insurers pay out more than the average due to natural disaster, they may need to increase rates for a short time.
With over 40 years of experience in the industry, Brad Runnebaum and Jeff Hartman established PlatinumOne Insurance Agency in 2008. We have established relationships with some of the top carriers in the industry including Travelers, Allied, Kemper, Encompass, Progressive and many others.