Call Us CALL US TODAY | (321) 264-2434
Business Insurance BUSINESS Quote
Auto Insurance AUTO Quote
Homeowners Insurance HOME Quote
Condo Insurance CONDO Quote
Flood Insurance FLOOD Quote
Life & Retirement Insurance LIFE & RETIREMENT Quote

10 Factors New Homebuyers Should Take in Account

July 18, 2016 at 4:24 pm | No comment | Category: Uncategorized

So you’re in the process of buying a new home, and you’re wondering what the deal is with home insurance. You need it, obviously, but how should you go about finding it, and what factors do you need to take into account? Good questions, and we’re here to answer them. The following 10 factors are crucial to take into account when you’re trying to choose homeowners insurance, so don’t overlook them.

 

Homeowners Insurance
1. Location, Location, Location

 

Where your home is located definitely matters to insurance companies. They will look at safety ratings, city, chance of natural disaster and more.

2. Credit Rating

Your homeowners coverage, like your mortgage, definitely depends on credit rating. Try to boost it before buying insurance, and you’ll get a better rate.

3. Risk of Flooding

Flooding is a doozy. If it’s common in your area, expect to pay a premium for insurance, especially if you’re right along a riverbank or on the edge of a lake or other body of water.

4. Dogs

Believe it or not, some breeds of dogs will raise your insurance rates. These include German Shepherds and Dobermans, for instance, both of which have a history of attacking humans and other dogs.

5. Proximity to the Coast

Coastal natural disaster is not uncommon, including tsunamis or tropical storms. If you’re in a beach town, your homeowners coverage will likely be more costly.

6. Roof Condition

Crummy roof? Higher premiums. If your new house has a subpar roof, you should try to wrap repair into your home offer, wherever possible.

7. Special Features

Your home’s special features, whether installed or brought with you, may raise insurance rates as well. Pools and trampolines, for instance, will both raise your insurance rates, as they both contribute to injury and death every year, especially in children.

8. Age of the Home

Home insurance coverage definitely looks at the age of the home, as older homes have a greater tendency to break down, not meet code and cause safety issues.

9. History of Earthquake or Other Natural Disaster

Natural disasters other than flooding or tsunami are also taken into account when insurance companies are calculating your home insurance premiums. Live in Tornado Alley? You’ll pay for it. Landslide area? You’ll pay for that too.

10. Proximity to Fire Stations

This is the opposite of the case with coastlines … the further you are from fire stations, the higher your insurance can get, simply because without guarantee a fire truck can get there in time to save the home, insurance companies are more leery.

 

So when buying home insurance for the first time, don’t forget these important factors.

Posted 9:23 AM  View Comments

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Facebook
Google+
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
© Copyright. All rights reserved.
Powered by Insurance Website Builder