Is Insurance Cheaper on Brick Home vs Frame Home in Columbus?
It actually depends on where you live. Yes, if you live in a location prone to strong winds, your insurance premium is lower if you have a brick home rather than a wood-frame home. Because strong materials such as brick or cement are for home construction, of course, a house like this will be better able to endure catastrophic occurrences like a hurricane or a fire. A wood-frame home in the same area, on the other hand, is more expensive to insure since it is more prone to fire, and strong winds can quickly demolish them. In the case of Columbus in Ohio state, there is a higher chance of a tornado, and hurricane damage is higher than the Ohio average and is higher than the national average. Therefore, Brick house insurance will be much secure and can have a lower cost.
Difference between Insurance on Brick Home vs Frame Home
People know their budget and taste when buying or renting a property. Brick houses have an old-fashioned beauty about them. A wood-frame home is a less expensive and easier to maintain option. However, depending on where the residence resides, the taste preference may not be a brilliant idea. Different risks confront homes built with brick versus those with a wood frame, substantially impacting homeowners’ insurance premiums and maintenance costs.
In some places, brick homes are less expensive to insure than wood frames. When determining which building type (brick versus wood) makes sense for a region and is less costly to insure, geographic location and anticipated risks are important considerations.
If you live in an earthquake-prone area, a frame home is less expensive to insure because it is more earthquake resistant. The insurance provider will inspect the materials utilized in your home, as well as other safety and security features.
Some Factors Insurance Provider Considers To Determine The Cost of Your Home Insurance
Here are some of the factors that an insurance provider will consider when determining the cost of your home insurance:
- The electrical, plumbing and heating/cooling systems are all important. Your premium rates will be better the more contemporary these systems are. If these systems are old and neglected, there is a greater chance of burst pipes, overloaded circuits, and other mishaps that will result in a claim.
- Regular windows vs. shatter-proof windows, Your home will be more resistant to hail storms and severe winds as a result of this.
- Your home’s age. Insuring an older home is more expensive.
- Your home’s history. Most insurance providers also look for the house’s claims history to determine what claims have been filed in the past; there is a good chance they will file these claims again.
- Installing security features such as fire alarms, burglar alarms, deadbolt locks, and motion sensors will protect your home from intruders, vandalism, and fire.
How can you lower your insurance premiums for both brick and frame walls in your home?
Here are 12 ways you can use to lower your insurance premiums for both brick and frame walls in your home:
- Look around for better deals according to your location.
- Increase your deductible amount.
- Don’t mix up the price you paid for your home with the cost of rebuilding it.
- Try to purchase your house and auto insurance plans from the same company.
- Make your house more disaster-proof.
- Boost the safety using different security systems at your house
- Look for other bargains.
- Maintain a positive credit history.
- Continue to use the same insurer.
- At least once a year, review your policy’s limits and the worth of your belongings.
- If you’re on a government plan, look into private insurance.
- Consider the cost of homeowners insurance while purchasing a property.
In A Nutshell
- To get Cheaper Insurance on Brick home vs Frame Home, it depends on your location where you live and on your research too.
- If you live in a location prone to strong winds, your insurance premium is lower if you have a brick home rather than a wood-frame home.
- If you live in an earthquake-prone area, a frame home is less expensive to insure because it is more earthquake resistant.
- Security systems, age of your home, your home insurance claim history, type of windows used, and electric & plumbing systems can also be some factors to consider for lower and higher rates.
- To get the best rates for both types of houses, do your research for the best deal around your area, know the value of your house and rebuilding costs, maintain a good credit score, install a good security system, try to buy bundle insurance from the same insurance provider.
Frequently Asked Questions
Is insurance cheaper on brick homes in comparison to frame homes?
It actually depends on where you live. If you live in a location prone to strong winds, your insurance premium is lower if you have a brick home rather than a wood-frame home. However, if you live in an earthquake-prone area, a wood-frame home is less expensive to insure because it is more earthquake resistant.
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