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  .: Bad Credit Loans
  .: Mortgage Refinance
 

Home Insurance: How much will it cost?


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There are many factors an insurance company uses to determine the price of your policy:

  • The square footage of the house and any additional structures.

  • Building costs in your area.

  • Your home's construction, materials and features.

  • Amount of crime in your neighborhood.

  • The likelihood of damage from natural disasters, such as hurricanes and hail storms.

  • The proximity of your home to a fire hydrant (or other source of water) and to a fire station, whether your community has a professional or volunteer fire service and other factors that can affect the time it takes to put out fires.

  • The condition of the plumbing, heating and electrical system.

If you rent your home or own a condo/co-op, your insurer will not consider the size of the dwelling or building costs. However, it will take into account factors that make damage to your possessions more likely.


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