When purchasing a home, importance should be placed on finding the right homeowner’s insurance policy to protect your home against disaster. In California, a homeowner’s policy may increase in price simply because a home is closer to the coast, but the location is not the only factor that goes into creating the premium for a policy. If you’re investigating homeowners insurance Lodi CA, read on to understand factors that can increase the amount you pay for a premium.

Home Replacement Costs

Most people undervalue how much their home is worth, and by doing this, they also insure the house for less. Insurance companies define replacement costs as the amount of money required to rebuild the same home in the same lot. If your home is older or has undergone remodeling, the value of your home may increase. Insurance companies recommend having a professional home appraiser to provide a more accurate idea of its worth.

Attractive Nuisances

An attractive nuisance, in insurance terms, is any extras on your property like pools, trampolines or hot tubs that can increase the chances of an accident or injury. By simply having one of these on your property, your homeowner’s policy will increase to compensate for the increased need for liability coverage.

Owning a Dog

Depending on the breed of dog you own, you may have difficulties finding insurance coverage. Some breeds of dogs, typically large-breed, increase homeowner liability much like a trampoline or pool. Since most dog bites occur on an owner’s property, increased liability coverage can be required by some insurance companies.

There are many other factors that go into an insurance policy, but the most important is not to underestimate the value of your own home. To protect yourself and your family, make sure to research properly and use the advice of professionals to ensure you get the coverage that meets all your needs.