In today’s life transitions, people no longer stay in one family home for generations. Often people will live and own several houses of different sizes, in different areas of the country during their lives. Transitioning you should know a few basics so a new place to live doesn’t dazzle you and then surprise you with costs you don’t anticipate.
Be aware of your paper trail
- Know your credit rating: This can make a difference in your insurance premium.
- Check your any home insurance claims that you might have filed. Your agent can look at various sites for you and determine how it will affect future insurance.
- Renters insurance It can be important to have a history of insurance when you are buying.
Things to look for
- Construction of the house: Look at the location of where you want to move, it may come with hidden problems like flooding hurricanes or weather.
- Age of the house: Older homes sometimes have features that are costly to deal with repairs. These replacements may raise the cost of insurance.
- Current codes: The age of the house and updates may indicate whether or not it’s up to code. This may affect insurance rates.
- Mechanical systems and safety devices: Plumbing, electric, HVAC, as well as smoke, fire and burglar alarms all wear out in time. Recent upgrades make for a safer home and minimize insurance.
- Pool, wood burning stove: Wonderful to have, but you will need higher property and liability.
- Fire department: Little known is that if a home is located near a fire station and a hydrant close by have reduced insurance. Also, there’s a bonus for a professional rather fire department.
Peter Laczko Insurance Inc. serving Woodstock, GA can help you find the insurance you need.
