If you own a home in Arkansas or Oklahoma and have insurance on it, you may notice a rise in your premium from time to time. What you need to realize, though, is that your insurance rate should not increase simply because the insurance provider wants to make more money. Instead, there usually has to be some justification and change as to why you are paying more. Let’s take a closer look at what could make your homeowner’s insurance increase with The Owens Agency, LLC in Waldron, AR. 

Dogs and Pets

Did you know that dog bites account for roughly 1/3 of all homeowner’s liability claims? If you have a dog and your insurance provider finds out and you have not previously listed the dog on your policy, this can cause your rate to increase. 

Trampoline and Outdoor Equipment

So, you’ve decided that the kids would love to have a trampoline. Sure, having one of these is going to keep the kids well-entertained, but it may also increase your homeowner’s insurance rate. Pools can have the same affect as well.

Wood-burning Fireplace

There’s nothing better than the cozy feeling of heat coming from a wood stove. However, with 36 percent of rural and residential fires starting from a wood fireplace or stove, this makes having one in your home high risk; therefore, meaning once you list it on your policy, you very well may see a jump in your insurance rate. 

Home Business

If you run a home business, there’s a good chance you may require a completely separate insurance policy for it. If you don’t, then the coverage of your homeowner’s policy is likely to increase because coverage will be needed to protect your business assets, including furniture, electronics, and more. 

To learn more about homeowner’s insurance, please contact The Owens Agency, LLC serving the Waldron, AR area. Also, try our online rating tool for quotes on home insurance from your computer.