Cool Things to Add to Your Home Which May Cost You Big Time

Posted November 9th, 2010
by HomeownersInsurance.org Staff (no comments)

You’ve dreamt all your life of owning your own home, and now you do. Congratulations. But before you start adding all of those features you’ve always wanted to have in your house and yard, consider the fact that some of them are going to cost you extra when it comes time to write out your check for homeowners insurance.

We’re not saying that you shouldn’t add anything you want to add. We’re just saying that you need to consider the ongoing costs before you do. With that said, here are some of the coolest things you can add to your home or yard that might cost you a bit extra on your homeowners insurance policy:

  • A water feature. Whether it’s a small water garden, a waterfall, or a big pond, you can expect to shell out extra money anytime you add anything that involves water. You save some money if you put a fence around your water feature, but who really wants a chain link fence surrounding their waterfall?
  • A trampoline. If you have kids, a trampoline is a lot of fun. Heck, even if you don’t have kids yet, a trampoline is a lot of fun. Unfortunately, they’re one of the main things insurance companies look for when determining how much of a risk your property represents. As with most hazards, you are much better off if your trampoline is fenced in.
  • A tree house. Who hasn’t wanted a tree house since they were little kids? We recently heard of a man who built a $600,000 dream home which included two tree houses, one of which was to be used strictly for having Chardonnay and Brie with his buddies. We’re all in favor of tree houses. Insurance companies? Not so much.
  • A pool. The deeper they are, the cooler they are. And the more they’ll cost you on your insurance policy. Make sure you put a fence with a locked gate around your pool or your insurance company may refuse to carry you altogether.
  • A fireplace. There’s nothing better than curling up with someone you love next to a roaring fire. But while you see the potential for romantic evenings, your insurance agent sees the potential for a big payout after your house goes down in flames.
Categories: Fun

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