California Homeowners Insurance – Top 3 Common Factors Raising Your Premium Rate

By Adams Bridges

If you decided to purchase homeowners insurance you have to do your homework first to be aware of the factors that raise your homeowners insurance rate and other factors that lower your premium tremendously. It is important to know all factors that determine your home safety too, because these factors can affect your premium rate significantly.

The homeowners insurance provider considers your home as a high risk, if you live near the forest area. Therefore the owners of houses located in wildfires prone areas could never find homeowners insurance company accepts to insure their dwellings. On the other hand most of companies insure high-risk property with higher premium rates. You should ask your agent to make sure your policy does not exclude the forest fires from the insurance coverage. You also can purchase extra insurance if you don't have adequate coverage.

Homeowners insurance carriers calculate your insurance rate upon many factors like the dwelling construction materials and what is the common peril in your state region. For example if you own frame wood home you will face higher insurance rate than if your house with a concrete block structure in case you live near forest edge area. On the other hand frame home is more resistant to earthquakes damage than brick house, hence you as frame home owner will benefit from cheap earthquake insurance premium.

Your homeowners insurance rate depends on how quickly the firefighters can arrive at your dwelling to put out the fire, in case you are facing fire accident. Therefore the distance between your premises and the fire department has the biggest impact on how much damage in your dwelling could occur. So your home will be considered low risk if you live near fire station. Many other factors can affect your homeowners insurance rate such as firefighters training and whether they are professionals or not and how far your home from the fire hydrant.

Your homeowners insurance rate depends on living in high risk area, your home construction materials and how far is your home from fire deterrents.