(972) 436-0717   info@honeainsurance.com

Factors That Affect the Price of Homeowners Insurance

Question: My neighbor and I have the same size house – it’s even the same floor plan. Why is their insurance less than mine?

Answer: Even if your floor plan is the same, every homeowner’s specific situation is unique. There are many things that factor into the premium for your homeowner’s insurance. This is called a rating. Some of those factors are:

1. The cost to rebuild your home with the finishes and fixtures you currently have. Your neighbor may have finishes (such as countertops and flooring) that are less expensive than yours.

2. The age of the roof.

3. Any updates that have been done to the electrical or plumbing systems.

4. Your credit score.

5. Claim history for the property.

If you have any changes in any of these areas since your renewal, please contact our office. We will update your file and see if your premium can be reduced.

 

Do you have an insurance question you would like for Mike to answer? Email your questions to Rachel@honeainsurance.com .

 

"Excellent Customer Service is the most important quality for an Insurance Agency to have & McCart & Honea Agency has it." My package insurance policy with them, when I moved to Texas 6 years ago ,since. They were prompt with responding and assisted to make sure I had everything I needed..Thank you Jeff McCart and team..Si Win

Thank you, SI, for the kind words. It's always a blessing to hear from our clients to help us improve our agency

Page 1 of 3:
«
 
 
1
2
3
 
»
 

Mike Honea Agency

Latest News

  • Let’s Give!
    Blessing Other Families We are starting a new tradition here at McCart & Honea Insurance Agency! Every holiday season we...
    Read more

Let’s Connect