Home Insurance Quote
How does The MacCormack Agency determine your home insurance quote? Like most home insurance providers, we look at a number of factors when determining home insurance rates. Here are some of the most important.
The Age of Your Home
They don’t build them like they used to. If you have an older home, the materials used to build it may now be more expensive to replace, or not even available. Your home insurance quote will take into account age and condition of key components such as the roof, furnace, electrical and plumbing systems.
The Location of Your Home
Where you live will influence your home insurance quote. Certain areas that are more affected by weather and other factors tend to produce more claims, causing home insurance rates to be higher. This means that you may pay higher premiums if, for example, you live near a large body of water, or in a neighborhood prone to brush fires or mud slides. Repair and construction costs also vary by region, another factor in your home insurance quote.
Safety and Security
Having dead bolt locks, a burglar alarm, smoke detectors and other home safety features will all help you save money on your home insurance quote.
The Occupancy of the Home
It matters who lives in your home. A typical “homeowners” insurance policy will only cover you if the owner of the home lives in the house. If your home is rented to a tenant or vacant, the insurance can be obtained on what is called a “dwelling fire” policy. With the increase liability of having someone else living and caring for your home, the premium is usually a bit different.