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Determining Your
FL Homeowners
Insurance Premium
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If choices are available, a
home buyer should
consider each houses
insurance costs before
making that final house
buying decision. Factors for
determining your Stuart
FL homeowners
insurance premium include
the following.
1. Condition and age of the
house
2. Size of the house
3. Building construction
type (brick, frame, EIFS, etc.)
4. Information on any
renovations done to the
original construction
5. House location and
distance to closest fire
station
6. Safety devices in the
house (alarm systems, smoke
detectors, sprinklers, etc.)
7. Whether house used full
time or part-time, such as a
vacation home or
seasonally rented to others
8. Flood and other natural
disaster risks for house and
area (flood, hurricane, earthquake)
9. Amounts of deductible
and coverage limits and
benefits chosen
10. Personal credit history
of the homeowner(s)
11. Insurance score
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Condition and age of the
building
Not surprisingly, older
homes cost more to insure.
They tend to cost more to
repair and more prone to
damages. A new home will
have new heating and
cooling systems, and newer
electrical wiring. Keeping
your older home well
maintained will save you
money in insuring it.
House Size
Insurance companies may
charge more based on a
homes square footage. Also
not surprisingly, the larger
the house, typically the cost
to insure it increases. More
risk to the insurance
company must be passed
on to you.
Building construction type
The more fire resistant
materials your home is built
with the better for receiving
lower homeowners
insurance premium costs.
Concrete, stone, and brick
are safest, while frame
houses built from wood are
more prone to larger fire
damage. Some less
expensive exterior insulation
finishing systems (EIFS) can
be lacking in fire resistance
to the point that insurance
could be denied. Know the
possible consequences of
what you are buying.
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Information on any
renovations done to the
original construction
Renovations usually
increase your homes value
and cost to insure. All
renovations need to be
shared with the insurance
agent for determining your
homeowners insurance
premium.
House location and
distance to closest fire
station
Theft and other crime rate
statistics for your area will
be weighed in determining
homeowners insurance
policy premium. The farther
your house is located from a
fire station or police station,
the higher your
homeowners insurance
premium. Both important
things to consider if you
have home buying options.
Safety devices in the
house (alarm systems,
smoke detectors,
sprinklers, etc.)
House alarm systems,
smoke detectors, carbon
monoxide detectors, and
sprinklers will reduce the
cost to insure it. Better
safety is good for you, your
family, and ultimately your
wallet.
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Whether house used full
time or part-time, such as
a vacation home or
seasonally rented
An often empty house, such
as a vacation home or one
rented seasonally to others,
is more prone to burglary
and therefore costs more to
insure than a primary
dwelling.
Flood and other natural
disaster risks for house
and area
If your area is more likely to
experience tropical storms
and hurricanes, your
homeowners insurance
costs will be higher. High
damage possibility from
such weather, as well as a
house in a flood prone area,
will always increase an
insurance company's risks
and they must pass on the
cost to the home owner.
Amounts of deductible
and coverage limits and
benefits chosen
You know the drill: accept a
higher deductible and
reduce your premium.
Always be sufficiently
insured though to cover the
cost to rebuild.
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STUART
(772) 287-1560
(772) 287-1950 fax
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49 SW Monterey Road
Stuart, FL 34994
M-F 9:30 - 5:00
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INSURANCE AGENCY
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AGRILLO
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772-287-1560
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Since 1992
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Click on the link below to fill
out a Florida Homeowners
Insurance quote form.
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Agrillo Insurance Agency
© 2005, All Rights Reserved
© 2005, All Rights Reserved
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Homeowners
Insurance Services
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