You’ve likely heard how important location is in real estate. Many real estate professionals believe location is a primary factor in determining a home’s value. In Griswold, CT, and elsewhere, location also plays a key role in determining home insurance rates.
Here’s what Trahan Insurance Agency LLC would like you to know about location and home insurance.
A location near water:
If your home is near water or flood-prone, you should seriously consider flood insurance. Flood insurance is not part of a home’s basic insurance policy and needs to be secured separately.
Location near fire services:
The closer and more conveniently you are located to a fire department, the more friendly your homeowner’s insurance rates may be. Safety features like alarms can also be a plus.
Wooded lots:
Houses built in heavily wooded areas may be more expensive to insure due to potential damage from falling limbs, trees, and fires.
Statistically high crime areas:
Homes located in high-crime areas can be more expensive to insure due to an increased threat of theft and vandalism. Installing security systems can enhance safety and security and might even earn you discounts.
Climate:
No matter where a home is located, its general climate will be taken into consideration. Is it an area prone to tornadoes or hurricanes? What about wildfires or flooding?
Other factors:
Aside from location, other traits that impact homeowners insurance rates include size, age, building materials, and the condition of roofing, plumbing, and electrical systems. Where you get your home insurance is also essential, so comparing is critical.
Get a quote today
If you own a property in the Griswold, CT, area, we encourage you to request a free home insurance quote today from Trahan Insurance Agency LLC. If it has been years since your last quote, reviewing and comparing prices is especially important.
We look forward to welcoming you to our insurance family.