Financial Post

Financial Post
Beware: These 14 home features will raise your insurance
Pools, finished basements and shingled roofs are a few of the 14 home elements that can increase your home insurance costs. Some of the costliest items, according to Alexey Saltykov, co-founder and CEO of InsurEye Inc., a Canadian insurance-services company, are the old home elements that haven’t been upgraded: oil-based heating, wooden stoves, knob and tube wiring, and aluminum wiring. “Some insurers will not insure you at all, some will require an inspection, and some will classify you as high-risk,” Saltykov said. And then there are costs for using your home as a business that you might not even have considered.
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