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Top Reasons Your Home Insurance Premium Might Increase [2024]

TGS

TGS Insurance » Blog Top Reasons Your Home Insurance Premium Might Increase [2024] Owning a home is often a dream come true, but when that dreaded notice arrives in the mail—informing you that your home insurance premium has gone up—it can feel more like a nightmare.

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Buying Blocks of Flats Insurance in London: Key Risks and Costs

Property Insurance Centre

” Plus, of course, the issue of home insurance and block of flats insurance costs, which in the UK increased by 21% year-on-year between July and September 2024, according to a report from Compare the Market. Some insurers might impose higher excesses or refuse coverage in high-risk flood zones.

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Insurance for Apartment Building Owners: Protecting Your Client’s Investments With the Right Coverage

Distinguished

Distinguished offers insurance for apartment building owners through our City Insurance Program and New York Brick & Brownstone Programs. These programs include insurance that is fit for apartment buildings of all sizes and types, including those where the owner lives on the premises.

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7 Best Manchester Block of Flats Insurance Tips

Property Insurance Centre

Insurers view these uses as higher risk, which can lead to increased premiums or the need for specialist insurance policies. Crime Risk in Certain Urban Areas While overall crime in Manchester is lower than in London, some districts still report higher rates of burglary and vandalism, which can affect insurance costs.

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Affordable Home Safety Improvements to Lower Your Insurance Premiums

TGS

Let’s dive into some budget-friendly safety upgrades that can help you save money while giving your home insurance provider fewer reasons to worry. Why Home Safety Affects Insurance Premiums Insurance companies calculate premiums based on risk. And you don’t need to spend a fortune to make meaningful improvements.

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Landlord’s Insurance for Beginners

Cover4LetProperty

Buy to let insurance is a specialised type of insurance that covers the unique risks faced by landlords. While it shares some similarities with standard home insurance, it includes additional protection tailored to rental properties and tenants.

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10 Factors That Affect Homeowners Insurance Premiums in Florida

TGS

Coastal homes in Florida, for example, face higher premiums due to the increased risk of hurricanes, flooding, and wind damage. Conversely, homes further inland or in areas with lower crime rates often benefit from lower insurance costs. It makes sense, right?

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