What Factors Cause Higher Home Insurance Premiums?

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Are you looking for lower home insurance premiums? Avoid these common pitfalls that cause insurance companies to charge higher rates.

Wood-Burning Stoves

Wood-burning stoves can help reduce energy costs and give your home a comfortable and cozy ambiance. However, wood-burning stoves can increase your home insurance premiums. To help prove your stove isn't a serious fire hazard, your insurance company will likely require proof that a certified technician has installed your stove and that you're in compliance with building codes. You may also have to provide evidence that you have a smoke detector and fire extinguisher nearby.

Renovating Your Home

If you're planning to remodel your home, you'll need to update your insurance company to let them know about any improvements before construction begins. Otherwise, your home insurance might deny any claim if they’re were unaware that there’s a renovation underway. After the renovations are complete, they may also have to increase the limit of insurance on your property to make sure that your home is insured for its proper value. However, increased coverage often comes with higher insurance premiums.


Home insurance often covers you if someone sues you after being attacked by your dog. Owning certain breeds of dogs with reputations for being aggressive—such as pit bulls and rottweilers—may increase your premiums or may be excluded from your liability coverage.

Pools and Trampolines

Backyard pools and trampolines can be a lot of fun, but they also increase the risk of injury. In some instances, you may be liable for injuries suffered by people using your equipment—even if you did not give them permission. To help make your home safer, consider putting a net around your trampoline or a locked fence around your pool.

Leaving Your Home Unsecured

Home insurance companies want to see that you're doing all you can to protect your home. By installing security systems, deadbolts, and fences, you can help deter thieves and show your insurer that you are taking precautions to secure your home.

Your Previous Claims History

Insurance companies will look back through your insurance history to see how many claims you've already submitted. If your history shows a high rate of home insurance claims, you may see higher premiums because of the increased perceived risk.

Shop Around for Low Home Insurance Premiums

Now that you know what can affect your premiums, it's time to shop around to find the best home insurance rates.


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