What You Need to Know About Homeowner’s Insurance

Potential Problems to Check For
The following list may affect the cost of insuring a new home as well as the ability to purchase insurance at all. A Realtor should be aware of these issues and suggest solutions to you based on their experience in the field:

  • Mold/moisture
  • Age/condition of the roof
  • Lead paint
  • Flood zone/home location
  • Central heat (primary must be gas, oil or electric)
  • Dogs/animals
  • Swimming pools with diving boards
  • Electrical – 100amp service minimum. Furnace must be new within the last 25 years

Other issues that affect the premium substantially are: wood and pellet stoves, day cares, trampolines, prior issues, and credit ratings.
(Information provided by Tompkins Insurance Agencies, Inc.)