Before you take out a homeowners insurance policy, there are three things you should know about that will determine your rate. Jeremy Werner is here to tell us what to look for.
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Taking out a homeowners insurance policy an important step for homeowners, but there are a few things that you should know about homeowners insurance rates before doing so. Today I’m joined by Jeremy Werner from Apex Insurance Group to discuss the top three factors that will help determine your rate: - How much coverage is necessary on the home. This includes how much it would cost to replace the entire dwelling as well as any additional endorsements that you would like to add on.
- Where the property is located. Your property’s proximity to emergency services can affect your rates. For example, the further your property is from a fire department or even a fire hydrant, the higher your rate will be.
- Your insurance score. Your insurance score is affected by your credit characteristics, so it’s important to keep your credit in line. In the same way that opening up new lines of credit can affect your ability to obtain a home loan, homeowners should also be aware that the better their credit scores are, the lower their homeowners insurance premiums will be.
Your rate may be affected by your credit score.
Jeremy suggests keeping these three components in mind before taking out a homeowners insurance policy so that you know what to expect from your rate. If you have any other questions about homeowners, auto, home, life, business, or farm insurance for Jeremy, give him a call at 715-377-4774. In the meantime, if you have questions about anything else related to real estate in the St. Croix area, give us a call or send me an email and we’d be happy to help you!
