Earlier this month, we shared with you a few ways you can lower your home insurance rates. Well, this week we’re taking another approach and giving you a few tips on how not to make your rates skyrocket! While some of these may seem like harmless actions, they can make a big difference on your home insurance premiums. So avoid high home insurance rates in your future by steering clear of these insurance no-nos.
Five Causes of High Home Insurance Rates
Dangerous dogs: While you might think Fido is as docile as they come, if he’s what your insurance company considers a “dangerous breed,” you could pay the price with your premiums. Liability is higher with these kinds of dogs, so your premiums will be as well.
Unguarded swimming pools: Sadly, drowning is one of the most common causes of death in young children. To avoid paying absorbent rates because of your summer oasis, make sure that your pool is properly protected with safety features like fencing and locks.
Tree houses: Sure, your kids love them, but tree houses can contribute to a higher risk of injury among kids that frequent your property. Depending on your insurance company, it may determine that your tree house is a liability and charge you a higher premium as a result.
Trampolines: Like swimming pools and tree houses, trampolines can also cause high home insurance rates because they increase the risk of injury on your property. Your insurer may choose to raise your premium or may include a trampoline exclusion clause – which means that you’ll be responsible for any injuries sustained.
Home business: There are a lot of perks of working from home, but high home insurance rates may not be one of them. If you own a home business, you’ll not only want to insure your business property, but you’ll also want to protect the business form liability. This can add to your premium.
Ready to lower your high home insurance rates? Give us a call today.