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Abe GT & Associates, Inc. What Affects Home Insurance Costs? Location Yourhome’sareaisthegreatestfactorthatinfluences yourpremium. Incaseyou’resituatedinanareaat higherhazardforcatastrophicevents, Age of the Home Olderhomeswouldhavemoreproblemsthatare lookingtobefixed, leadingtohigherclaims. Age of the Roof Theageofyourroofisoneofthemostcriticalfactsto uncover. Theoldroofislikelytoleak. The previous claim Ontheoffchancethatyou’vemadeafewhome protectionguaranteesbefore, you’reboundtomake assertsoncemore, soyourrateswillbehigher. Occupancy Incaseyou’rerentingyourhometoanotherperson, regardlessofwhetheryou’resharingaspace, youwill haveahigherpremium. Home’s Building Material Materiallikewood- hasahigherriskofdamagethan brick, whileinearthquake-proneareawoodisa betteroptiontobuildthehouse. Exposure to Other Factors Thelocalitywhichissituatednearthecommercial buildingarelikelytoexperiencemoreriotsthanusual localities. Before buying insurance, you should talk to people that you know and try to ask them about the best insurance plans and their experiences with different companies. Learn more at.. (312) 738-1384 www.abegtinsurance.com