How Does the Insurance Company Determine My Homeowner’s Rate?

Thursday, 08 April 2021

Homeowners Rate

It’s that time of year again! Coffee in hand, you’ve made your morning trip to the mailbox and back, and a letter from your insurance company catches your eye. You open it up, and it’s your annual renewal letter regarding your homeowner’s policy. The premium has changed, again, and you’re left wondering how on earth these carriers come up with these yearly rates!

Here are 4 things that have an impact on your yearly homeowner’s rate:

  • The distance your home is from a fire hydrant and the nearest fire department
  • The age of your roof
  • The age of your HVAC system
  • Curbside appeal: how well you maintain your home

Regardless of the rate, if you’re wanting to know how your policy looks to the carrier, give Clevenger Insurance a call today at 574-267-2181.

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