Your home protects you from the elements, keeps your family warm and is the place where many of your most cherished memories are made. Spinney Insurance is here to help the homeowners and home buyers find the coverage that works with their budget and lifestyle.

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Homeowner’s insurance: what you need to know

There are several factors that insurance providers consider when issuing an insurance package.

 

First there is the age of your home. Depending on how old the components of your home are your insurance rate will be higher or lower. This is because old equipment has more potential to be hazardous. For instance, old pipes are more likely to crack and older electrical systems have a higher chance to malfunction.

 

Another factor is the heating system you use. Solid fuel stoves offer many benefits to a home but also bring in potential danger such as fires and carbon monoxide poisoning so wood stoves increase coverage costs.

 

Of course, certain areas are safer than others so where you live is also a determining factor. Insurers keep track of policies by area and if you live in an area where there are frequent claims made then your insurance will need to reflect that.

 

Though insurance companies must consider many factors when insuring a home, Spinney Insurance knows the right questions to ask to streamline the process. If you have any questions about homeowner’s insurance or the services we provide then contact us at (617) 232.0969.