Homeowners Insurance Frisco TX: Why Your New Home May Cost More To Insure

Homeowners Insurance Frisco TXIf you’re looking for a new home in North Texas, you should know that there are some features that may be attractive to you as a buyer that may end up costing you more in homeowners insurance in Frisco TX.  In fact, most people don’t take added costs into account when they house hunt.  Some of those added costs like lawn maintenance and extra furniture can be be gotten around – homeowners insurance not so much.  So, while you’re house hunting, keep these insurance rate-busters in mind:

Swimming Pools

Because of our blazing hot Texas summers, it often seems like having a beautiful, inground or above-ground swimming pool in our backyards is a must.  If what you’re looking for is a home that already has a pool or a home with a yard big enough to accommodate a pool, think again.  Most insurance companies consider swimming pools to be one of their biggest liabilities.  This is because of the high rate of home pool drownings and the severity of pool-related injuries. Companies that sell homeowners insurance in Frisco TX that normally include a minimum liability coverage of $100,000 will recommend that you increase your coverage to $300,000 to cover the cost of medical bills and lawsuits.  They’ll also likely want you to build and maintain a security fence around your pool.

Vintage Homes

That cute, little 1930s bungalow may be calling you with its vintage charm, but when it’s time to buy insurance for it, you may not find it so charming.  You don’t even have to go back to the 1930s to find a home that is an insurance nightmare – Mid-Century Modern homes from the 1950s and 1960s ranch-style homes can have outdated wiring and plumbing that can be fire and water damage hazards.  In fact, many vintage homes have never had their electrical and plumbing systems updated so if you’re looking for a home built more than 10 years ago, it may cost you more to insure.

Water View

While North Texas homeowners don’t have to worry about insuring ocean-front properties, any home that is built near water – including lakes and rivers – will likely be more expensive when it comes to homeowners insurance in Frisco TX.  This is because most standard insurance policies don’t cover flood or rising water damage so you’ll have to purchase an extra policy to cover your home and those policies are not inexpensive.

Square Footage

Although you may be looking to purchase a home in North Texas that will accommodate your growing family, a larger home will cost you more to insure.  The bigger it is,  the more it will cost to replace it if it’s destroyed or damaged by a covered event.  To get a rough idea of what it will cost to insure a home, insurance companies multiply the total square footage of the home by local construction costs.  Another thing to keep in mind is that high-end finishes like granite countertops can raise the cost of insuring your home.

Just because the home you fall in love with will cost more to insure doesn’t mean you shouldn’t buy it.  Your best move is to talk to an experienced agent who sells homeowners insurance in Frisco TX to find out how much you’ll have to pay so that you can take that into account when budgeting for your new home.  In Frisco, call us at the Anthony Blackmon Agency at (469) 291-9006 or visit us online at www.anthonyblackmonagency.com to find out more about homeowners insurance.

Homeowners Insurance Frisco TX
Anthony Blackmon Insurance Agency
9191 Kyser Way, Suite 200
Frisco, Texas 75034
(469) 362-8484

Photo Credit: ©Depositphotos.com/ baurka

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