Which type of construction generally results in lower insurance premiums?

Masonry or block construction typically results in lower insurance premiums primarily due to its inherent resilience and fire resistance compared to other types of construction. Buildings constructed from masonry materials, such as brick, stone, or concrete blocks, tend to offer better durability against various perils, including fire, wind, and severe weather. This durability reduces the likelihood of claims arising from structural damage.

Insurance companies often evaluate the risk associated with different construction types when setting premiums. Since masonry structures are less prone to catastrophic failure and can withstand more severe conditions than frame or wood constructions, insurers may reward property owners with lower premiums. Additionally, the long-term maintenance needs of masonry buildings are often lower, further enhancing their appeal from an insurance risk perspective.

In contrast, frame and wood constructions are generally more susceptible to fire, rot, and insect damage, making them higher risks for insurers. Steel construction might also not necessarily lead to the lowest premiums, as other factors like occupancy, building height, and location can influence the final premium amount. Overall, the choice of masonry or block construction tends to be favored in terms of risk assessment among insurance providers.