You can find all types of homes in the Monroe, CT, and Eastern Fairfield County areas. It serves as a home for many who work in New Haven, Bridgeport, and even New York. Fida Insurance Group is pleased to serve to protect many of these homes through homeowner’s insurance.
Of course, not all homes are built or insured the same. If you have an older home in the area, you should be aware of some aspects of insuring it.
Factors that influence home insurance rates.
Rates to insure a home are based on multiple factors, including location, size, building materials, replacement costs, and more. What many may not realize, however, is that age can play a significant role.
How age impacts home insurance rates.
Older homes were built under less stringent building codes so that they may be more susceptible to damage. They may also have older, perhaps even unsafe wiring or plumbing, and roofs often nearing the end of their lifespans. Historic homes may even have more expensive roofing materials that may be more costly to repair or replace.
Insuring an older home.
If you have an older home, your homeowner’s insurance company could ask you to upgrade the property before offering to insure it. If not, rates may be higher in anticipation of the heightened risks.
Get a price quote today.
Whether you have a new or older home, we invite you to get an insurance review and price quote from Fida Insurance Group of Monroe, CT.
We can also ensure your coverage meets or exceeds your expectations for repairs and replacements.
Contact us for your free quote today.
