Owner, Best Health And Car Insurance Rates - Instant Online Quotes, US
An annual premium for homeowner's insurance is how much you pay to secure coverage on your dwelling, personal property and other benefits. Often, the billing is annual and paid by a mortgage company through an escrow account.
When the home is paid off, typically, you pay an annual payment yourself to the insurer.
CEO, RLI - Ruth Ladas Insurance, LLC, Fort Myers, Florida
Great question. If you are asking what is...the cost...for a homeowner's policy, this may help you. Home policies are rated based on age of home, type of construction, occupancy and location. In my state, Florida, the distance to water is very important as well as the type of roof. There are two styles, gabled roofs (which are popular in the Northern States) and hip roof (which is a newer style and has better resistance to wind. (We have hurricanes here.)
Agency Owner, The Thomas G Sheehan Agency, 27 Glen Road Sandy Hook, CT 06482
Talk to your Insurance Professional about coverage options available to you. Share all of the specifics or your home that are important for them to know including construction type and style of your home, it's age and any special elements that need to be considered like a finished basement, kitchen or bathroom upgrades, fire or burglary alarm systems etc. They should compolete a comprehensive reconstruction cost analysis in order to determine the recommended amount of coverage for your home. That dwelling amount will be the primary determining factor in the premium needed to cover your home. Talk to your Insurance Professional about deductible options and other discounts that are available in order to best manage that cost.
.JPG){kind=avatar}
When the home is paid off, typically, you pay an annual payment yourself to the insurer.