Is Homeowners Insurance Expensive?

  1. 18 POINTS
    Lezlee Liljenberg
    Agency Owner, Lezlee Liljenberg Agency, Arlington, Texas
    Expensive is a different definition for everyone! Credit plays a huge part in homeowners insurance in many states. So if you have a great credit score your insurance will be much lower than if you have bad credit. Here is my best advice.  If you are looking for a home get an agent to give you a quote on the average range of home value you are considering. It will give you a ballpark. Bottom line of you cannot qualify for the loan due to the monthly insurance premium then you need to lower the value of the home you are considering or don't buy.
    Answered on April 19, 2014
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  2. 37376 POINTS
    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The expense of a homeowner’s policy is only a small fraction of the amount that could be recovered in the event of a loss.  If you want to know how really expensive homeowner’s insurance is, try having a claim without it.  The premium represents your share of the pool of other insureds and the price is regulated by your state insurance commissioner.  
    Answered on August 19, 2014
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