Is Homeowners Insurance Cheaper For New Homes?

  1. 16470 POINTS
    David Osgood
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    It may be. Normally newer construction is more accurately priced for reconstruction valuation when you are seeking a quote for coverage. Newer homes are typically less prone to some incidents that occur in older homes because of the age and deterioration of material or lack of maintenance to the premise. Every carrier sets there own rates for the geographic locations that they have a presence in and in some cases may weigh the risk of new construction and some older construction the same. Contact a local agent to discuss coverage availability and pricing within your area.
    Answered on September 17, 2013
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