When purchasing a home what’s the one thing everyone always sees first?

The Price.

The price is always the first thing that you are going to notice when shopping for a home (for the most part). But what about the stuff that you don’t really think about until after you have purchased the house, or after you're in the process of closing?

That would be the insurance.

Nobody thinks much about it and that’s okay. But what most people don’t know is what’s behind the scenes of a homeowner’s policy rate.

What can you do to get the best rate available? Is it the home, your credit, the location? Well honestly, all of these factors come into play when your shopping for a home AND the insurance to go with it.

When talking about homeowner’s insurance to your average Blue Collar American, most people will say they know “absolutely nothing” about insurance.

Again, that is still okay. We as agents do not expect you to know everything there is about insurance.

So, what are some ways to get the home you love while still saving on your insurance?

Keeping these few things in mind when your shopping for a home and insurance can help save you money and time.

·         Age of the Home – even if the home is 2-100 years old, you can still get a good rate for your insurance, but you will need to know the year of these four major updates:

o   Electrical – Most insurance companies require the electrical to be less than 15 years old. Homes with aluminum wiring or knob and tub are not eligible with majority of insurance companies and they will either not cover the home or the rate will be extremely expensive.

o   Plumbing – Do you know what kind of plumbing you have running throughout your house? Some insurance companies restrict coverage to homes with steel, galvanized or polybutylene plumbing.

o   AC & Heating – Must be central air conditioning and permanently installed for most homes.

o   Roof – The first thing you want to know is how old is the roof? What type of material is it? Have there been any updates to the roof since the home was built? Even partial updates to an older home are good things to tell your insurance agent when looking to get the best rate.

  • Metal roofs usually have a lifespan of about 25 years and are insurable with most companies.
  • Shingle roofs usually have a lifespan of about 15 years.

Keeping up with receipts and proof of any major updates you’ve done to your home can also help with getting you a lower rate.

These are just a few things to keep in mind to make the process smoother when either shopping for a new home or if you just want to shop around for your current homeowners insurance. 


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