What Does Home Insurance Cost?

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   David G. Pipes, CLU®, RICP®

   Business Development Officer, T.D. McNeil Insurance Services, Fresno, California

   There are several types of homeowner's insurance.  The most common is the HO-3 or "all-risk" policy.  Most companies provide coverage based upon the estimated cost of replacing the buildings on the property.  A variety of factors affect the rate charged by the companies for comparable coverage.  A primary concern is the location of the property, another is the history of previous losses, another is the availability of fire protection, and then there are many additional considerations including the use of the building, the presence of animals, the proximity to the ocean and many others.  It is a complicated process.

   Answered on February 7, 2014

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