6 Things That Can Lower or Raise Your Home Insurance Rates

When buying a home, it's important to consider the things that might affect your insurance rates. There are many factors that can lower or raise your rates by hundreds, even thousands of dollars per year.  The following are MSN Real Estates' factors to consider:
1.  Is the area susceptible to hurricanes, mudslides, wildfires, or other natural disasters? 
2.  How is the roof?  Is it new?  Is it wind/hail resistant?
3.  Does the electrical system meet current code?  Sounds like a no brainer, but the system needs updating in the last 25 years with circuit breakers - not old-fashioned fuses.
4.  How far away is the fire department?  The premium can double or triple if the nearest station is more than 5 miles away.
5.  Is there a burglar and/or fire alarm that is centrally monitored?  It can also help if your home is visible to the neighbors.
6.  Is there a swimming pool on the property?  If so, make sure it has a fence around it.  Diving boards can be an issue with some carriers as well.

  • August 08 2012 - McKinney
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