Homeowner premiums are calculated individually for each policyholder and are based on a number of different factors, including the age, value, geographic location and correlating risk, construction quality of your home.
Homeowner premiums are calculated individually for each policyholder and are based on a number of different factors, including age, value, geographic location and correlating risk, construction quality of your home, as well as your insurance history, previous claims and more.
Factors that affect your homeowners insurance rate include:
- amount of coverage: the more coverage you add, the higher your premium.
- deductibles: the higher deductible you choose, the lower the premium, and the higher your out-of-pocket for a claim.
- condition of home: better-maintained homes in localities with municipal fire services cost less to insure.
- insurance history and claims will increase your price and may even prevent us from being able to cover you.
- protective devices such as deadbolts, burglar alarms, and smoke alarms will get you a discount.
- bundling your homeowners coverage with other Northern Neck Insurance products, such as auto insurance, will get you a generous discount.