How does Sola assess property premiums?

Sola assesses property premiums based primarily on the property's risk, which encompasses various factors that contribute to the likelihood and potential severity of claims. This risk assessment typically includes considerations such as the property's location, age, construction type, and safety features, among other aspects.

By focusing on the inherent risks associated with the property itself, Sola can more accurately calculate premiums that reflect the potential cost of insuring that property. This approach ensures that premiums are aligned with the specific risks involved, allowing for a fair pricing structure that protects both the insurer and the insured.

The other options may play a role in determining premiums but do not constitute the primary basis for assessment. While credit scores can influence a policyholder's overall insurance costs and the age of the property might impact its risk profile, the central factor remains the comprehensive evaluation of the property's specific risks. Similarly, market value could be a consideration but does not directly correlate with the risk of loss from insurable events.