WEDNESDAY, JUNE 20, 2012
When you are considering buying a home, you may want to investigate the types of Philadelphia home insurance policies you may need, as well as the premium costs. There are some things you may look for that could result in lower premiums, but confirm with your agent the specific discounts your insurance company offers.
Some insurance companies charge lower premiums for homes located in an area with a professional fire department rather than a volunteer one, or for homes that are close to a fire hydrant.
You may consider looking for a home with heating, plumbing, and electrical systems that are less than 10 years old. Older systems represent greater risk for insurers, so this can affect how much homeowners pay for coverage.
Wooden homes are generally less resistant to damage than brick homes. While a brick home might cost more to purchase, it’s important to remember than insurance costs are incurred every year, so a significant difference in premiums could really add up over time.
Buying a new home is a big decision, and choosing the area in which you will live may be almost as important as the structure of your home. Remember to protect your investment with Philadelphia home insurance and don’t hesitate to contact your agent with any questions you might have about coverage for the home you’re about to purchase.