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	<title>New answer on: What Factors Affect The Cost Of Homeowners Insurance?</title>

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		<title>By: David Pipes</title>

		<link>https://insurancelibrary.com/home-insurance/what-factors-affect-the-cost-of-homeowners-insurance</link>

		<dc:creator>David Pipes</dc:creator>

		<pubDate>Thu, 13 Mar 2014 19:50:57 +0000</pubDate>

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The insurance company employs an underwriter who will look to see if the home meets the criteria for a “standard risk.”&#160; Most insurers do not like to insure any home that they don’t consider standard.&#160; At renewal they are likely to surcharge a residence if there was a recent claim.&#160;&#160; There are other ways that the premium is affected.&#160; The insured could select more extensive coverage, or removal of limitations or exclusions (water backup is an example.)&#160; The company will usually reduce the premium if the insured selects a higher deductible, or installs a central station alarm system.
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