When you request a home insurance quote, the agency will ask you a series of questions to determine how much to charge you for the insurance policy. While the value of your house and many other factors will affect the amount you pay, the location of your house will also play a huge role in your premiums. Here are several ways the agency will use the location of your house to determine the rates you will pay.
Insurance companies use a lot of statistical information when determining quotes for customers, and the location of your house plays a role in this. For example, the insurance company will look at crime rates in your area. If the crime rates are really high, you may have to pay more for your insurance.
In addition, if your home is located in an area that has a high rate of home insurance claims, you might pay more, simply because you are at a higher risk for making a claim on your home.
Rural Versus Urban
Another factor the insurance company will consider involves the type of community your home is in. If you are in the city, you may pay a different rate than if your house is located in a rural area. Part of the reason this factor exists is due to the location of fire hydrants. If your home is in a rural area, there is a very low chance that there are fire hydrants near your house. In fact, there might not be a fire hydrants within miles of your home. If you are in the city, on the other hand, you might have a fire hydrant right in front of your home.
When there are fire hydrants located near a property, it provides an easier way for a fire department to put a fire out. In addition, if you are in a rural area, such as a wooded area, it can be harder to put out a fire if there are a lot of trees on your yard. Having a lot of trees provides benefits in many ways, but it may not help reduce your home insurance quote at all.
The insurance company is likely to ask you if there are any fire hydrants located near your property, and this is the reason they will ask.
Proximity To Fire Stations
Finally, the location and type of fire department you have in your area is also a factor in the amount you will pay for home insurance. There are two main types of fire departments. One is a municipal type, and this is the type where the fire fighters are paid for their jobs. There are always fire fighters ready and waiting to go to attend to fires.
The other type is a volunteer department. This is the type you will usually find in a rural area. The fire fighters are on call and will come to the station when they receive calls, but it often takes them longer to get there, simply because they are not dressed and ready to go all the time.
The other factor is the location of the fire department. Your rates are likely to be less if there is a fire station located near your home. On the other hand, if the station is 10 miles away, it will take longer for them to arrive, and this could result in more damage to your home if it catches on fire.
If you would like to get a quote for home insurance, contact a home insurance agency like East Tennessee Mutual Insurance today to request a free quote on home insurance.Share