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FACTORS AFFECTING THE COST OF YOUR POLICY
Some of the factors considered when determining the cost of your insurance are:
- The quality of local fire protection — Municipalities have different capabilities in combating fire. Many factors such as volunteer vs. full-time firefighters and the availability of approved fire hydrants and equipment make up the protection classification assigned to your area.
- Type of construction — Masonry or noncombustible materials decrease the possibility of severe damage or total destruction in the event of a fire. A home with at least two thirds of its exterior wall area constructed of these materials may benefit from a lower premium.
- Where you live — The average cost of a Homeowners policy is affected by the different loss experience of the cities and counties throughout the state.
- Coverages, limits and deductible — The more coverage, the higher the limits, and the lower the deductible, the more your insurance will cost.
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