What affects prices?
A number of factors influence the premium that you may be charged: • Type of Construction: Brick houses usually have lower premium rates because they are less vulnerable to fire. • Age of the House: Newer houses usually have lower premium rates than older ones. Some insurers may not want to cover very old houses at all or may provide only limited coverage. • Fire Protection: Your home’s distance from a fire hydrant and the quality of your local fire department affect the price you will be charged. • Amount of Coverage: The amount of coverage you buy will affect the price you pay. • Deductible Amount: The higher the deductible you choose, the lower your premium will be. • Discounts: There may be discounts available for such things as smoke alarms or security systems.
