26th August 2009
Home insurance calculated with neighbourhoods in mind
Insurers use a number of factors when calculating home insurance premiums, with the location of the property being one of the most important, it has been stated.">
Homeowners have been advised to take into account the area they will be living in when purchasing a new home, as any security issues could adversely affect how much they will pay for cover, according to InsureAgents.com.
The website advised anyone planning on moving to a new property: "There are many things to consider when buying a home: crime rates, proximity to stores and services, and many more."
Meanwhile, the website recently advised first-time buyers to take into account how much their home insurance will cost when purchasing their first home, as it stated that in many cases people forget to budget for this important cover.
By not having home insurance people run the risk of being unable to afford replacement belongings should anything happen to their property during a move.
Did you know that UIA offers competitive rates on home insurance? Great deals also available on car insurance, travel insurance and pet insurance too. Up to 15% discount when you apply online.
Written by Chris Littley.
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