|
|
|
How much will it cost?
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 or co-op, your insurer will not
consider the size of the dwelling or building costs. However, the
insurance company will take into account factors that make damage to
your possessions more likely. |
© Insurance Information Institute, Inc. - ALL
RIGHTS RESERVED -
<< How do I pick an insurance company?
|
|
|
|
|
