Will the age of my home affect the cost of purchasing flood insurance? | | Yes | 22% | | In most cases | 9% | | In some cases | 18% | | No | 34% | | Not sure | 15% | | | | | Question: Will the age of my home affect the cost of purchasing flood insurance? Top Answer (34% of 44 votes): No.
Answer: Not sure Explanation: there are a wide variety of factors that go into Flood coverage. We have more than obe carrier to choose from so we can tailor coverage to your needs. | | AfordableONE KIRKENDALL Insurance LLC | Answer: In some cases Explanation: Yes in some policies age plays a determining factor | | Jean's Repair Specialist LLC | Answer: No Explanation: The age itself does not determine the cost, the materials the home was built with and the upkeep of the home determines cost.
Insurance manages risk.
If an older home is totally renovated, it's a lower risk. | | Hazar Financial Services | | | ProMatcher | Answer: Not sure Explanation: Not sure on this | | Belocura Cabinetry | Answer: In most cases Explanation: Replacement cost is always a factor | | Full Service Personal Insurance Needs | Answer: No Explanation: Flood Insurance is not affected by the age of the home. | | Certified Inspectors, LLC | | | ProMatcher | Answer: In some cases Explanation: The law and insurances are constantly changing policy. We have to stay on top of our policies and coverages and if there are questions contact your insurance company. | | Extreme Extraction and Decontamination llc | Answer: No Explanation: This cost is determined by a rating scale generated by FEMMA. | | Farmers Insurance | Answer: Yes Explanation: Age and upgraded measures are taken into consideration when rating homeowner's insurance. For flood insurance, location plays a large part, also. | | Lockhart's Insurance Services | | | ProMatcher | Answer: In some cases Explanation: Several factors are involved in determining premiums. | | The Lewis Financial Group |
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