What are 3 Things that Could Make Home Insurance Go Up?

Understand Your Policy Before Your Rates Increase

“Hey, Alan! My home insurance rates went up and I don’t know why. What are 3 things that could make home insurance go up?”

KEY TAKEAWAYS

  • What are 3 things that could make home insurance go up? Several things can cause your home insurance rates to go up unexpectedly. If your home insurance rates have recently went up and you don’t know why, then it could be because:
    1. You added a trampoline or swimming pool to your backyard.
    2. You made some major home upgrades.
    3. You have outdated electrical, plumbing, and/or HVAC systems in your home.
What are 3 Things that Could Make Home Insurance Go Up - Alan McDaniel Agency

Glad you asked! If you’ve been wondering, what are 3 things that could make home insurance go up, then your premiums probably just sky-rocketed unexpectedly. Or maybe you’re just trying to learn more about homeowners’ policies so you can be better prepared in the future! Either way, I’m here to help.

New around here? Welcome! My name is Alan McDaniel, and I’ve been a certified, top-rated insurance pro for over 20 years. I love helping people understand their insurance policies so they can feel more confident about their insurance decisions. In this post, we’ll answer the question: what are 3 things that could make home insurance go up? Then, I’ll tell you how you can compare home insurance policies with a certified professional for free.   

More on that in a minute, though. First:

 

What are 3 Things that Could Make Home Insurance Go Up - Alan McDaniel Agency
What are 3 Things that Could Make Home Insurance Go Up – Alan McDaniel Agency

Glad you asked! If you’ve been wondering, what are 3 things that could make home insurance go up, then your premiums probably just sky-rocketed unexpectedly. Or maybe you’re just trying to learn more about homeowners’ policies so you can be better prepared in the future! Either way, I’m here to help.

New around here? Welcome! My name is Alan McDaniel, and I’ve been a certified, top-rated insurance pro for over 20 years. I love helping people understand their insurance policies so they can feel more confident about their insurance decisions. In this post, we’ll answer the question: what are 3 things that could make home insurance go up? Then, I’ll tell you how you can compare home insurance policies with a certified professional for free.   

More on that in a minute, though. First:

What are 3 things that could make home insurance go up unexpectedly?

Before we find out, what are 3 things that could make home insurance go up unexpectedly, it’s important to understand how exactly your homeowners’ policy works. The cost of home insurance is primarily affected by two major factors: the value of your home and the safety of your home. The value of your home tells your insurance provider how much it would cost to rebuild your home, and the safety of your home tell your insurance provider how “risky” it is to insure your home.

With all of this in mind, here are 3 major factors that can cause your home insurance rates to go up without warning:

 

  1. Adding a trampoline or swimming pool in your backyard. In the home insurance industry, swimming pools and trampolines are lovingly called “attractive nuisances” in. These kinds of additions can attract new visitors, but they can also cause injuries to your new guests. Swimming pools, trampolines, swing sets, slides — all of them can increase the risk of guests being injured on your property. Because of this, your home insurance rates can go up as a result.
  2. Major home upgrades and improvements. Home improvements are always exciting, and they can certainly increase the value of your home. And as a result, your home insurance rates can go up. The more valuable your home, the more money it would cost to rebuild your home.
  3. Outdated electrical, plumbing, and/or HVAC systems. If you have an older home with outdated appliances, it can be more expensive to insure. By investing in updated electrical, plumbing, and HVAC systems, you’ll not only be making your home safer, but you’ll also be reducing your home insurance rates!

Not happy with your current home insurance rates? Get a free home insurance comparison today!

Not happy with your homeowners’ insurance? Let’s talk about your options! Like I mentioned earlier, I’ve been a certified insurance professional for over 20 years. I’d be happy to take a look at your current home insurance policy and help you determine if it’s the right policy for you. Request a free home insurance consultation today, and let’s compare home insurance quotes! We’ll see how your current home insurance policy holds up, and if you need to switch, I can help with that, too!

Leave a Reply

Your email address will not be published. Required fields are marked *