How Much Should My Homeowners Insurance Be?

  1. 16470 POINTS
    David Osgood
    Agent, Rural Mutual Insurance Co., Union Grove, WI
    Homeonwers insurance premiums are as unique as the home being insured. There are many factors that are taken into consideration when computing a rate for a homeowners insurance policy. some of those factors are: the valuation of the home, the year the home was built, the distance to the nearest responding fire department, and the distance of the nearest fire hydrant just to name a few.
    Answered on October 27, 2013
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  2. 14231 POINTS
    Tom Sheehan
    Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
    When an insurance company develops rates for its various products, it takes many factors into consideration in order to come up with the proper rate that best reflects the risk it is being asked to insure. There are quite a number of factors of course, and in the case of Homeowners, several are the amount of coverage on the home, type and style of construction, it's size, etc. There are other considerations as well, such as a home's proximity to coastal exposure in certain areas of the country. Additional items that affect a policy's pricing include the home's location in reference to fire services such as hydrants and fire departments. Talk to your Insurance Professional about your coverage options and don't forget to ask about any discounts that may be available.
    Answered on September 10, 2015
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