1-800-494-7200 info@craveninsurance.com

Here are a few items to consider that will help keep your homeowner’s insurance down

Now may be a great time to buy a new home.  With market values and mortgage interest rates at incredible lows, it could be one of the best long-term investments you ever make.  Just keep in mind that your homeowner’s insurance is based on many different factors which you might want to consider before you buy a home.Homeowner’s insurance

  • If you are buying an older home, have the plumbing and electrical systems been updated?
  • How close is the home to a fire station?
  • You may want to consider earthquake coverage. Neither earthquakes nor floods are covered under the standard home policy, but separate coverage can be purchased to cover both of these risks.
  • How old is the roof? Some insurers may limit coverage if there is existing unresolved roof damage.
  • Is the property located in a flood zone? If it is, you will need to purchase flood insurance to satisfy the mortgagee.

A quick call to our office can help you determine possible homeowner’s insurance costs for the home you are considering.