Living without insurance is not the best way to stay financially prepared. Some people truly believe that they don’t need insurance because they don’t expect anything to happen. However, the whole point of having insurance is to protect yourself against those unexpected events. The following are just a few things a Homeowners Insurance Agency in Milbury MA might take into account when it comes to your premiums.
Millions of people across the country keep pets in and around their homes. However, the kind of animal a person keeps can have an impact on their insurance rates. For instance, certain breeds of dogs are considered more dangerous than others. If an insurance company finds out that a homeowner owns one of these dogs, they could increase their rates or simply avoid covering any accidents related to the animal.
Having certain additions around the actual home can also affect your insurance. A homeowners insurance agency in Milbury MA will want to know about certain additions, such as a pool or trampoline. Although pools and trampolines are very entertaining and popular with homeowners, they can also be dangerous. Because of the dangers that these items pose, an insurance company may use them to increase your rates as well.
Your credit rating is just another tool insurance companies utilize when deciding how much your premiums will be. Insurance companies often decide their rates based on certain statistics and trends. Unfortunately, there’s a correlation between a person’s credit score and their tendency to file a claim. Apparently, the lower a person’s credit score is the more likely they are to file a claim for an accident. That being said, those with low credit scores tend to pay higher premiums.
Those who’d like more information about what can and can’t affect their homeowners insurance rates should speak with an agent at Northeast Insurance. Again, if a person has dangerous pets, such as large snakes or dogs, they can expect to pay higher premiums after alerting their insurance company. Also, more homeowners should be mindful of the features they add to their homes. Items such as swimming pools have been known to cause many accidents. Lastly, remember that the higher your credit score is the better chance you have of paying a lower premium to protect your home.
