Things in your yard that may influence higher home insurance rates

Home insurance rates are influenced by various factors, including certain features in your yard. Here are some common yard elements that may impact your home insurance rates:

 1. Swimming Pools

   – Swimming pools are considered a high-risk feature because of the potential for accidents and injuries. Insurers often increase rates or require additional liability coverage for homes with pools. Fencing and safety features can mitigate some of this risk.

 2. Trampolines

   – Trampolines are another high-risk item due to the likelihood of injuries. Many insurance companies consider trampolines a liability risk and may increase premiums or exclude trampoline-related claims from coverage altogether.

 3. Tree Proximity to Home

   – Trees that are too close to your home can pose a risk of falling branches or even the tree itself falling onto the house during storms. This can lead to increased insurance rates due to the potential for damage to the roof, walls, and other parts of the home.

 4. Outbuildings and Sheds

   – Additional structures like sheds, garages, or guest houses can affect your insurance rates. These structures may require extra coverage, increasing your overall premium.

 5. Wooden Decks

   – Wooden decks are susceptible to fire, rot, and termite damage, which can increase insurance costs. Regular maintenance and safety features like fireproofing can help mitigate these risks.

 6. Outdoor Fire Pits and Barbecue Grills

   – Fire pits and grills, especially if not used or maintained properly, can be fire hazards. Insurers may factor this into your premium, particularly if the fire pit or grill is located near the home or other structures.

 7. Old or Damaged Fences

   – Fences that are old, damaged, or in disrepair may not provide adequate security or may pose a risk of injury, which can affect your insurance rates. A well-maintained fence, however, can have a positive effect by providing security and reducing liability risks.

 8. Playground Equipment

   – Items like swing sets, slides, or other playground equipment can be liability risks due to the potential for injuries, especially if neighborhood children have access to them. This may lead to higher insurance premiums.

 9. Large Trees or Bushes

   – Overgrown trees or bushes can cause damage to the home or power lines during storms, leading to increased insurance rates. Regular trimming and maintenance can help reduce this risk.

 10. Ponds and Water Features

   – Ponds, fountains, or other water features may be considered attractive nuisances, meaning they could attract children who might be at risk of injury. This can result in higher liability coverage requirements and increased premiums.

Conclusion

Understanding how these features in your yard affect your home insurance rates can help you make informed decisions about landscaping and yard maintenance. Taking steps to mitigate risks, such as installing safety features or regularly maintaining trees and structures, can help keep your insurance costs manageable.