The number of wildfires, windstorms, hurricanes, tornadoes, and other extreme weather events has increased dramatically in recent years. As the frequency of these catastrophic events rises. Insurance firms’ rises must rise to keep up with the resulting claims.
The local crime rate may affect your risk of theft or vandalism If the crime rate in your area has increased in the last year, you may be considered a higher risk to cover, thus your premiums may climb.
The cost of emergency cleanup services, skilled trades, personal possessions, and home values has risen significantly, so the amount of money that insurance companies must pay to resolve policy holder repairs and replacements must rise to cover those costs.
Renovations that increase the value of your property means an increase to your home insurance coverage limits accordingly.
The good news is that your home is snug as a bug in a rug with us. If any of these costs come your way, they are necessary for proper coverage. We have evaluated every detail to bring you the best possible deal.
There are a few things you can do to reduce your premiums:
- Raise your deductible to the highest you can afford.
- Bundle your home and auto and liability together to get the highest discounts.
- Make your home more disaster resistant by updating old electrical, plumbing and heating systems.
- Improve your home security with a sprinkler system and fire and burglar alarms.