Buying a home is exciting! However, it’s important not to let the excitement get you carried away to the point that you neglect to pay attention to the nuts and bolts aspects of a home purchase. One thing that is useful to know – particularly when it comes to getting California home insurance quotes – is that there may be significant variations in those quotes based on many things to do with the house itself.
“Location, location, location” – this is the ultimate real estate cliché. However, the location of a property can impact on insurance costs. Some areas represent higher value property, which may mean higher premiums if the building replacement cost of a property is similarly high. Conversely, a lower value but higher risk neighborhood could also mean higher premiums due to high crime rates.
The style of house and the type of building can also be a factor. For instance, a modern, earthquake-proof house could actually attract a discount in premiums, where an older style house may not. Also, historical homes could be more expensive to insure, simply because the replacement costs of rebuilding in a historic style could be much higher than a more modern house in the event of an insured loss.
Why not speak to your agent to find out more about the factors that affect California home insurance quotes? The chances are you’ll be paying insurance every year while you own the home so it can pay to know about those factors while house hunting.