Which of the following could potentially increase a property’s insurance premium?

High crime rates in an area can significantly influence a property’s insurance premium due to the increased risk of theft, vandalism, and other criminal activities. Insurers assess risk based on various factors, and properties located in neighborhoods with higher crime rates are viewed as more susceptible to losses. As a result, insurance companies may raise premiums to account for the heightened level of risk they face when insuring properties in these areas.

In contrast, low environmental risk, modern construction materials, and a well-maintained property generally contribute to lower insurance premiums as they indicate a decreased likelihood of claims. Insurers favor properties that present less risk, which helps in keeping the insurance costs down. Thus, high crime rates are a critical factor that can lead to increased premiums due to the higher probability of claims associated with criminal activities.