Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Home Insurance: What Sends Rates Soaring

By Lewis Braham - 2012-02-02T23:15:56Z

Photograph by Jane Fulton Alt/Gallerystock.com

Company Symbol % Change
1 of 13

Risks That Raise Rates

While most people buy home insurance to protect property from damage, liabilities from accidents on your property are often what drive up your insurance rate. "Legal liability can be more costly to home insurers than property damage," says Loretta Worters, vice president of the Insurance Information Institute. "People sue for millions of dollars for minor injuries. Companies are not going to walk away from the business because you have a dog or pool, but they'll charge you more." Unforeseen or overlooked risks can drive up premiums or even lead to a rejection. Here are some of the biggest rate-boosters.

Advertisement