Rhode Island Homeowners FAQ: What affects the cost of homeowners insurance in Rhode Island?
• Response time of the fire department and distance from the nearest hydrant. The further away these things are the more you are going to pay for insurance. • The age of your home. Newer homes cost less to insure than older ones. New homes are not a haven for potential problems with electric or unstable foundation. • Your credit score. • The number of claims that you have filed in the past as well as the number of claims that have been filed on the property before you bought it. • The amount of crime in the area. • Presence of dead bolts, security systems and indoor sprinklers. • The amount of insurance you decide to purchase. • Your deductible. A higher deductible mean a lower premium. • If you smoke. Premiums are lower if all the members of the family are non-smokers. • Construction materials of your home. It costs more to insure a house that is made entirely of wood while a house made of brick costs less to insure. • Does the property have a history of problems? This can be determin
