23 Apr

4 Things that Can Affect Your Home Insurance Premium

affect your home insurance premium

As a homeowner, it’s your responsibility to make sure your home is insured. But did you know that there are things that can affect how much you pay for home insurance? Below are four things that can affect your home insurance premium.

  1. Pools & Trampolines

You might find that your pool is relaxing and that your kids love playing on the trampoline. But these are both things called attractive nuisances and can cause an increase in your premiums.

  1. Your Home & Roof’s Age

As your roof and home age, they might be more likely to have damage from the weather or deterioration on the inside. Replacement costs, which include labor and material, will increase as time goes by.

  1. Certain Dog Breeds

Depending on what type of dog you have, you may be paying more, or you may not be able to get home insurance. This is because certain breeds are more likely to bite people. So, before you choose a dog, look at your insurance policy because it may make it null and void.

  1. Prior Claims

If you have had claims in the past, chances are that you are going to pay more because you’re a greater risk. This may not just increase your premium, but it also may mean the company will drop you as a customer.

These are four common things that can affect how much you’re paying for home insurance. Keep these things in mind and remember to do what you can to legally keep your costs down.