In most cases, we’re unable to adjust premium based on mitigation steps taken to reduce the damage from a natural hazard event. Our approach to pricing is commercially sensitive, but there are several data points we can take into account when calculating premium. These include third-party data to help estimate the probability and impact of natural hazard events.
I’ve invested heavily to make my property more resilient to storms and/or flooding, will my home insurance premium be adjusted to account for this?
Was this article helpful?