Having homeowners insurance in place to protect your home in Bellevue, Council Bluffs, Omaha, Papillion, Treynor, or the surrounding areas is important as your home is likely your largest investment. But do you know the different factors that go into the cost of homeowners insurance? When you speak with our team at Campbell Insurance Agency we can help to explain all of the factors that go into what you pay for your homeowners insurance, as well as what you as the homeowner can do to affect the monthly premiums. Contact us today to learn more.
Factors in The Cost of Homeowners Insurance
While there are many different factors that can influence the cost of your homeowners insurance, not all of them are in control by the homeowners themselves. One factor that they do have some control over is the deductible amount for the policy. The deductible is what the policyholder will pay out of pocket before the homeowners insurance will kick in. The higher this figure is, the lower the monthly premiums will be.
Another factor that can impact the premiums homeowners pay for insurance is the number of claims that they have filed in the last several years. In general, the more claims you have in the past several years, the higher your monthly premiums will be. Yes, homeowners insurance is there to cover the costs of unforeseen events, but with more claims being filed the insurance company will need to increase the premiums to help cover the cost of this more expensive home.
You should also be aware of what your credit history and credit scores are. Many different insurance companies review your credit score and if you have a good credit score you may find that you have lower premiums for your homeowners insurance. They view this as a lower insurance risk, so this can be an important piece that can help you keep your premiums in check by keeping your credit score good.
Why Work With Campbell Insurance Agency
There are a variety of other factors that can impact your homeowners insurance costs. Whenever you have a home project in mind, such as remodeling a bathroom or adding a fireplace, give our team at Campbell Insurance Agency a call to find out how these activities may impact your homeowners insurance costs. At Campbell Insurance Agency we strive to provide our clients in Bellevue, Council Bluffs, Omaha, Papillion, Treynor, and the surrounding areas with affordable insurance plans that never sacrifice quality. Contact us today to discuss your homeowners insurance needs.