1. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    Just as homes vary in location, cost and condition, so the homeowner’s policies also vary.  The premium is determined generally by these basic factors, address, cost to reconstruct, age of the residence, and available fire protection.  Aside from these factors, though, underwriters look at many other aspects of the residence and occupants to determine whether they will even insure the home.
    Answered on April 23, 2014
  2. 21750 POINTS
    Jim Winkler
    CEO/Owner, Winkler Financial Group, Houston, Texas
    Great question! Unfortunately, not so great an answer. I hesitate to even give you a range of prices to expect, because so many things can have a bearing on the cost. First and foremost, where the home is located, flood history, when the home was built, how well it has been maintained, and how easily it would be to save in the event there were a fire. Part of it will depend upon you - your credit history, claims history, amount of coverage desired - all will be factors in the price. I'd suggest that you shop around in your area, and get several quotes. If there is an agent that you feel comfortable with, have them help you. I'm sorry I couldn't give you a more specific answer, but I appreciate you asking!
    Answered on April 25, 2014
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