When searching for a home in Philadelphia, you might want to research the crime rates in various areas of the city. Moving to an area that has historically had more insurance claims for crime-related losses may result in higher premiums on your home insurance policies. The website phillycrime.org provides Philadelphia crime statistics as well as advice for prospective homebuyers about which neighborhoods have higher and lower crime rates. Your agent might also be a good source of information on insurance claims for crime-related losses.
Regardless of where you choose to buy your home, there are some things you can do to reduce your risk of falling victim to a home burglary or other disaster. One of the best ways to protect your home and your family is to install a home security system, preferably one that alerts a monitoring facility or local police station of a break-in. You may also consider installing smoke and fire alarms and carbon monoxide detectors for further protection against potential disasters.
You may not be able to afford to live in a gated community with round-the-clock security, but installing a security system in your new home, or starting a neighborhood watch program on your block may help deter criminals from your area. When you take certain precautions against crime and other perils, you may want to inform your agent as your insurance company may offer discounts to homeowners who take such precautions.