Does age of my home affect my premium?
The age of your home is a significant factor for Houston insurance companies in determining the cost of your insurance premium. The newer your home, the cheaper it is to ensure. This is based on the fair assumption that an older home has more things that will need repair.
Does the size of my home affect my premium?
The square footage of your home is another factor, and for the same reason. The bigger the house, the more that can go wrong and the more expensive it would be to fix, rebuild, or (in the event of a disaster) pay off. Having a larger home is a luxury, but it's one you pay for on the insurance side.
Does the amount of occupants affect my premium?
Empty-nesters have the advantage here, and for good cause. The more occupants in a house, the larger the liability and the greater potential for use, wear, and damage.
Does proximity to schools & parks affect my premium?
Everyone who's ever purchased a house has first considered its proximity to schools, stores, and parks. Rather than amenities and schools, insurance companies in Houston evaluate whether a home is in a community that has a dispatch center, fire department, and nearby water supply. According to the ISO, which analyses communities' protection classifications, "the price of fire insurance in a community with a good PPC is substantially lower than in a community with a poor PPC, assuming all other factors are equal."
Do safety & security factor into my premium?
The more stuff you have the higher your premiums will be, but you can mitigate this with increased security measures. Alarm systems, deadbolts, barred windows, security doors, floodlights, fences, and even the presence and profile of your neighborhood watch program are all factors that will work in your favor when it comes to life and property as well as your premium. If you can rally your neighbors to take the same measures, the crime rate of your neighborhood over the long run will also improve, reducing the number of claims in your area and further improving the price of your home insurance premium.
Do pets & pools impact my home insurance premium?
Dogs are historically devastating to yards, but the cost to a homeowner is more likely to be passed down due to the type of dog you own, not necessarily the fact that you own a dog at all. Breed matters, as it can be expensive to settle a lawsuit with a neighbor who gets bit on your property. Pools present the same prospect for danger, and homes equipped with pools are likely to have a higher home insurance premium as a result.
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