Location

Still the Best Factor in Controlling Insurance Costs

It may surprise you a little that if you choose California for your home with wildfires & mudslides, or Florida with hurricanes and flood, you will have very little control over your home insurance premiums.

“If you have your heart set on a location to build or buy, your first step is to ask an independent agent if the location is an issue.”

Outside of those extremes, there are areas that are premium heavy that you should be aware of before you sign a contract. If you have your heart set on a location to build or buy, your first step is to ask an independent agent if the location is an issue.

Here are some things to consider:

– Distance to the coastline

– Is the home in a flood zone

– Distance to a Fire Hydrant and Fire Department

– Absent a close fire hydrant is there a nearby water source?

– Is the property surrounded by forests or vegetation

All of these location factors are drivers in determining the cost in insuring a home that you should be aware of before you make the purchase.

If you have a property that you are considering to purchase, drop Kyle an email at kshepard@shepardinsgrp.com or call 203.698.9342 to find out if the location is an issue with current and future home insurance.