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Factors That Impact Home Insurance Rates

10/19/2020 Written by: Cyndi Bolser

Nobody wants to consider that their home could be destroyed by a disaster or fire. It is important to be prepared and confirm that you have the proper coverage to rebuild your home and replace your valuables. 
Determining how much insurance coverage you need and how the value of your home is determined can be challenging. Most insurance companies use the age of home, type of construction, square footage, claims history, location and deductible when rating for home insurance. Additionally, insurance scoring can be a rating variable based on additional factors such as:

  • Location (due to the potential for weather-related losses)
  • Replacement Cost (the amount that it would cost to rebuild your home)
    • This also includes costs for debris removal, and fees associated with the cost to rebuild, such as permits, contractors fees.
  • If you own a dog, the breed of dog
  • If you have a home-based business
  • If you own a Swimming Pool, Trampoline or Hot Tub
  • Your Proximity to fire hydrant and fire department
  • Deductible Amount

AssuredPartners is an independent agency and has access to many insurance carriers to compare coverage and premiums that can protect your most important assets. To learn more, visit AssuredPartners Personal Insurance.

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