A budget for your home expenses will need to include the average cost of home insurance. The amount you’ll pay for homeowners insurance is based on a combination of factors concerning the insurance type, home characteristics and your personal insurance history.
To help you get a better understanding of what goes into the average cost of home insurance, here are the basics:
Several aspects of your home can determine the cost of your homeowners insurance. Some examples of these factors include location, age and condition. Houses in certain areas prone to extreme weather or other potentially damaging conditions pose more risk to the insurer and may incur a higher premium. Similarly, older homes may be more expensive to repair if damaged.
Even among standard insurance policies, you often have choices that can determine your overall cost. These options include:
There are more factors that can go into your average home insurance cost, such as your credit score and personal claims history. Other factors related to your home and location may have an impact as well. Some examples include home security systems, pools, roof type and proximity to the local fire department.
Discussing with a provider is the best way to find out the exact amount you’ll need to pay in home insurance. The more you learn about your insurance coverage, the better financial decisions you can make in budgeting for your new home.
Selling or buying a house is exciting, nerve wracking, stressful and fun all rolled into one. We are aware of that and take our job very seriously with a passion to help throughout the entire process. That's why we offer the highest level in real estate expertise and professionalism.
Combine Polly's 20+ years in Real Estate and Dave's 40+ years in marketing and 10 years as Polly's Real estate partner, our clients get the best strategies when it comes time to sell their home. In the past 20 years, we have been trusted by over 1000 families to assist in their Real Estate needs...amounting to over $100 million in sales.
From marketing expertise to professional photography, to Staging assistance, to custom videos; to social media to e-commerce expertise, we have today's tools to get the job done. And if you are looking for that perfect home, we can help through the entire processes.
We'll help with getting you pre-qualified to searching the right property based on your desires and budget. And we'll assist right through the inspection to the closing details every step of the way.
We take special pride in being endorsed by Veterans United! Don't hesitate to contact us and allow us to help guide you through your real estate needs. Professional, ethical and dedicated is what our promise is to you!
