When purchasing home insurance for คอนโด กรุงเทพ your first home, there are factors that you will need to consider since they will have an influence on the price of the home insurance. The following are some of those factors to consider in buying home owners insurance:
The state of the home
The insurance premium for the home is usually based on the general condition of the home. Things like the condition of the roof, decks, porches as well as the reliability of the wiring system in the home will determine the insurance that you will get. Since new homes are usually in a good state compared to older homes, you are likely to get a discount of about 15% on the new home.
The construction of the home
There are some homes that will be cheap to insure that others because they do not get damaged easily, for instance a brick home. A brick home is less likely to get damaged by wind and therefore it will be less expensive to insure as compared to a wooden house.
Safety factors
If the home you want to purchase has safety features such as deadbolts, smoke detectors, burglar alarm systems as well as sprinkler systems, an insurer is likely to give you a discount of about 5% percent on those features. You may also be given a discount if your home is located close to a fire department.
If the home is located in a high risk area
Standard home insurance policies do not cover damages resulting from floods and earthquakes. There are however special supplemental catastrophic insurance policies that cover such conditions, though they may be a bit costly. You will rather get coverage against these catastrophes through a private insurer that tends to be a bit lower compared to government insurance plans.
The type of home insurance coverage as well as its cost
Home owners insurance usually covers damages to your home as well as its contents, but you can get some packages that have extra benefits like personal liability in the event that someone gets injured on your property. You can also get insurance against theft. You need to read the fine print carefully and check how the prices as well as coverage vary amongst packages that may appear to be similar. It will be upon you to make sure that you get what you need and utilize what you get.
You desired deductible
The deductible refers to the amount that you will have to pay before the insurance company can commence paying the insurance benefits. A higher deductible implies that you will have a considerably lower home insurance premium. Increasing the deductible can help you save about 50% of your homeowner's insurance cost.
Loyalty to the insurance company
If you purchase more than one insurance cover, for instance an auto together with the home owners insurance, the insurer might reduce their insurance rates for you. They may also reduce the rates if you continue using their services for a long period of time.
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