As with any insurance policy, there’s always the risk of your homeowners insurance premium going up. This is unfortunately something that almost always happens to everybody with a home, and it can happen for a variety of reasons. Although it’s a common occurrence, it’s also something that can be readily avoided. Keeping in touch with your insurance agent is one of the best ways to truly ensure that you know what your costs are and how to properly fix them. Finding your sources of the hike is the main component of starting the process to lower your premiums again.
The factors that determine this vary greatly, including the location of your home, the condition and the way it was built. During the winter months, particularly if you live in a region with harsh winter weather, there are a number of things that could be increasing your costs. These are some of the things that could be driving up your home insurance costs this winter, via insurance.com:
Replacement Cost of the Home
The biggest mistake you can make as a homeowner is underinsuring your home. If you do this, it could come back to bite you later. If you home lands in a situation where it needs to be replaced, it’s going to be replaced at the value that you set. If you underinsured your home, that means you’re not going to get full coverage back on your home. Hiring a professional appraiser to estimate the value of your home and get a Glen Rock Home Insurance quote is probably the best thing that you can do to ensure that you have full coverage from the beginning.
Whatever Deductibles You Have
When something happens, you pay the deductible in order to get something fixed. This is a preset, agreed amount that you pay toward a loss before your insurance company fronts the rest of the claim. If you choose a higher deductible, then you can save more money on your premiums. When living in a disaster-prone area,it’s important to note that your insurance company might have you with separate policies in order to cover the potential damage.
The Dog Breed You Own
Everyone loves their pet. However, some hold more risks than others. And many of claims that are reported are actually about dog bites. But all of this is done on a case-by-case basis to determine whether or not a certain dog can be deemed vicious. If you want to qualify for a policy, you might have to sign a waiver for dog bites. Knowing facts about your dog’s history and breed can help out your insurance agent.
Other Things That Impact Costs
That’s not everything that can impact costs. Other factors include the following:
- Wood-burning stoves
- Home-based businesses
- Your insurance score
- Home liability limits
- Marital status
- Age and construction of home
- Swimming pool or hot tub
- Roof condition
- Proximity to fire stations
- How close you are to a body of water
- Credit history
- Claims history
Whether it’s snowy or sunny, it’s important to make sure that you have the right amount of coverage for your home and your wallet. Contact your insurance agent today to get a Glen Rock Home Insurance quote custom-tailored to your home and your needs.
About David G. Sayles Insurance Services
At David G. Sayles Insurance Services, we strive to protect the investments of homeowners like you. Our comprehensive policies are customized for you to provide the exact coverage you need. For more information, contact us today at (800) 439-0292.