If you own a home in the Tri‑State area, you probably already know that home insurance costs depend on several factors. These include your exact location, the number of past claims, the size and value of your home, the value of your personal belongings, and more. Another factor that can raise your monthly premiums is adding or removing what insurers call attractive nuisances.
What Are Attractive Nuisances?
Attractive nuisances are features that may improve your home or lifestyle, but also increase the chance of accidents. Examples include pools, hot tubs, fountains, trampolines, playground equipment, and any structure from which someone could climb and fall.
Insurance companies in the Tri‑State area typically charge higher premiums if you have an attractive nuisance because these items increase the risk of injury and potential lawsuits. If you add one of these features and do not inform your insurance agent, the insurer may deny your claim if someone is injured as a result. This could leave you responsible for medical bills or property damage costs.
Contact Rock Insurance Services for More Information
Finding affordable home insurance for a Medford, NJ home can be challenging, especially if you want to add an attractive nuisance without significantly increasing your premiums. Rock Insurance Services helps homeowners in Medford, NJ, and nearby areas review coverage options and choose a policy or policy bundle that fits their needs and budget. Contact us today to learn more or to get insurance quotes.