Property Type Crime Rates Affect Your Insurance Rates

What Type Of Property Is Your Real Estate Investment?

Knowing The Answer Will Determine What Kind of Crime Rates You Will See, Impacting Your Insurance Rates!

Did you know that property type crime rates will determine what insurance rates you get?  Real estate investments come in all shapes and sizes, as well as different types.

What Are Property Type Crime Rates?

Your type of property will determine the crime rates you will see.  For instance, if you are housing students, what type of issues could they potentially run into?  There is no doubt that this would be different than section 8 housing or assisted living.  No matter what type of property you have, you must also consider crime rates.

As a real estate investor, you must consider all aspects of your investment, not just the physical aspects of the property.

How Property Type Crime Rates Affect You

The types of crime will not only differ from area to area, and from type to type, but they will also vary in their level of intensity.  For instance, section 8 housing may warrant more violent crimes than assisted living facilities.  It is equally possible that you may pay higher in insurance, depending on how high the crime rate is.

When shopping for insurance, know your property type. That way you will not only know what type of crime might surface, but you will also have an idea of what the comparable insurance rates might be.