""From what we see in real homes every day at Remodel Republic , insurance premiums are often tied to how old a home is, what it's built with, and how well it's been maintained over time," says Wade, Project Manager at Remodel Republic in . "Older homes can cost more to insure due to aging electrical, plumbing, or roofing systems, while homes that have been updated with modern, code-compliant materials tend to carry less risk.""
""Beyond age, what a home is built with and whether they're up to current standards can significantly affect insurance pricing. Insurers pay close attention to systems that commonly cause claims, especially electrical and plumbing. "In older homes, outdated plumbing or electrical systems can increase insurance risk and, in some cases, lead to higher premiums," says Marco DeRose, Partner at -based general contractors company, . "Upgrading these systems to current code standards can reduce the likelihood of fire or water damage and may result in long-term insurance savings.""
Home characteristics such as age, construction materials, and maintenance history strongly influence insurance premiums. Older houses frequently incur higher premiums because aging electrical, plumbing, and roofing systems raise the likelihood and cost of claims. Even carefully restored older homes can cost more to insure when specialized materials and labor increase claim payouts. Insurers scrutinize systems that commonly cause losses, especially electrical and plumbing, and favor properties that meet current building codes. Upgrading systems to modern, code-compliant standards reduces fire and water damage risk and can yield long-term insurance savings by lowering perceived risk.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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