Your homeowners' insurance premium is dependent on a variety of things, ranging from your personal lifestyle habits, to your home's neighborhood, and everything in between. Insurance companies evaluate your vulnerabilities and risks and provide you with a premium amount that mirrors how much they have calculated it would take to repair and replace your home. Despite its importance, many homeowners fail to acknowledge the various things and lifestyle habits that actually increase homeowners' insurance premiums, including:
- While this is mostly out of your control, your homeowners' insurance premium will be calculated depending on the structure and age of your home. If you have a wood roof and a wood-burning stove, you can expect to see an elevated premium amount. As previously mentioned, insurance companies evaluate their risks in insuring your home. If your home is more susceptible to harm, your premium amount will reflect those associated risks.
- There are a variety of what insurance companies call attractive nuisances that increase how much you pay for homeowners' insurance. If you have a trampoline in your backyard, the only thing your insurance company sees are injured children. If you have a furry friend that keeps you company at home, all your insurance company sees are future dog bite liability claims. Keep these attractive nuisances in mind when evaluating how much you pay for homeowners' insurance.
- If you run a business from your home, your homeowners' insurance will either reflect those additional coverage needs, or they will drop coverage altogether. Homeowners' insurance policies are not intended to protect customers who visit your home-based business. As a result, you can expect your insurance company to exclude coverage for liability concerns.
Contact Little & Sons Insurance Services for all of your California homeowners' insurance needs. We go above and beyond to work for you, and have been doing so since 1922. Allow us to safeguard your home and offer you homeowners' insurance discounts that make this commodity that much more affordable to you.
Your homeowners' insurance premium is dependent on a variety of things, ranging from your personal lifestyle habits, to your home's neighborhood, and everything in between. Insurance companies evaluate your vulnerabilities and risks and provide you with a premium amount that mirrors how much they have calculated it would take to repair and replace your home. Despite its importance, many homeowners fail to acknowledge the various things and lifestyle habits that actually increase homeowners' insurance premiums, including:
