Homeowners Insurance Quotes Reflect The Age Of Your House
Released
on: August 27, 2009, 6:45 am
Author:
Kyle Fitzsimmons / InsuranceAgents.com
Industry: Real Estate
Chicago (InsuranceAgents.com) – According to an article
recently published on InsuranceAgents.com, whether or not you’re
purchasing a new home or resale home is a big factor in what kind of
homeowners insurance quotes you will receive. The article, titled ‘New or Used? Homes That Affect Your Homeowners Insurance,’ states, “Part of what
makes a good choice for you depends on the advantages and disadvantages
of the two different types of property: new houses and resale houses.
Each possesses different characteristics.”
New homes, which are commonly referred to as “tract houses,” usually come in bunches
as parts of a larger housing development. These homes generally come with reduced
privacy and less property attached but are build with the latest innovations in
construction and therefore are more low risk. You will find lower homeowners insurance quotes regarding new homes.
However, resale homes are a whole different ballgame. Although they generally have
more character and can be purchased at a cheaper price, resale homes that are older
than 20 years are deemed high risk by insurance companies. This is because they are
more susceptible to fire, flood, and other dangers that can cause home damage and
lead to insurance claims.
Both new homes and resale homes come with their own set of pros and cons. Before
purchasing you must decide how important low cost homeowners insurance is to you. Just because it is important to you doesn’t mean you have
to purchase a new home. There are other factors that could come into play that could
make it cheaper for you to purchase a resale house.
Whatever you do don’t sacrifice your dream house because of insurance. There is
always a way to find more affordable coverage. You can start by talking to a home
insurance agent and comparing homeowners insurance quotes online. Try tailoring a
specific policy that fits your budget and provides necessary coverage for your
perfect house because no house is complete without proper coverage.
Visit InsuranceAgents.com for more information.
Contact Details: Tom Lustina
InsuranceAgents.com
435 North LaSalle
Chicago, IL
60610
614 286 0193
2010
