Usually the first question that comes to mind is the cost for homeowners insurance. In addition, you may think how can I find the best homeowners insurance rates for my budget. The truth is getting a great homeowners insurance quote is easy when you deal directly with a reputable home insurance broker like Eugene C Yates Insurance Agency.
The agents at Eugene C Yates Insurance Agency can help you shop different policies with different homeowners insurance companies. They can help you in determining the homeowners insurance average and find you a homeowners insurance estimate that will fit into your budget.
What goes into a homeowners insurance quote?
Several factors will come into play when determining your homeowners insurance rate. The age of your home, the overall risk involved, the condition of your roof, total rebuild cost, size of the home, to name a few. Each home insurance company will look at these aspects and determine their importance individually. Meaning each home insurance company will have different rules and regulations regarding each factor.
Below is a list of some factors that may determine your home insurance rate;
YOUR HOME
- Rebuild cost. If the cost to rebuild your home would be more costly than your neighbors, more than likely you will have a higher home insurance premium.
- Age of your home. Older homes usually cost more to insure due to degrading over time.
- Type of materials. Homes built from materials like brick or stone are usually more affordable to insure than homes made of wood.
- Security features. Alarm systems, smoke detectors, deadbolt locks & other safety features can result in more affordable home insurance rates.
- Home improvements. Your home insurance rate may be higher after you remodel the kitchen, add a deck or make other home improvements that increase the cost to rebuild the home if it were to be destroyed.
YOUR HOMES LOCATION
- Local fire protection. If you are near a hydrant & fire station, you will likely qualify for cheaper home insurance rates than a homeowners living in a rural area.
- Natural disaster risks in your area. Home insurance rates are typically higher in areas prone to hurricanes, earthquakes, wildfires and other natural risks.
- Neighborhood crime rates. If lots of burglaries happen in your neighborhood, your homeowners insurance rates may be higher.
YOU AND YOUR STUFF
- Your pet. House insurance quotes can be high if you own a dog of a breed that’s considered aggressive.
- Your belongings. If you own expensive jewelry or other valuables, you may need extra coverage that will increase your house insurance premium.
- Your backyard pool or trampoline. Owning these items can raise your home insurance quote due to the additional risk they come with.
- Your home-based business. If you work from home, you may need to add coverage to a standard homeowners policy or buy a business owners policy to cover business-related equipment, inventory & liability.
- Your previous claims. If you’ve filed numerous claims in the past, insurers may view you as a risk and charge you higher home insurance rates.
If you’re in California and would like to get a home insurance quote, please give us a call. We can be reached at 916 313 6100