With the numerous options available, you may be wondering about the cost of homeowners insurance. This guide provides a breakdown of the average cost of homeowners insurance and what to expect when getting coverage.
Home insurance is technically a type of property coverage. Policies offer financial compensation when perils damage your home and personal items. Policies may cover the structure of the home, structural attachments to the property, offer liability coverage or replace personal items.
For example, a storm with high winds may damage your front door. Your insurance company evaluates the damages. Then, they provide financial coverage to repair your door.
Homeowners insurance costs about $1500 per year. Many factors contribute to the price of a policy. These factors include:
There are factors you can control that affect your overall policy cost, like your deductible amount. If you have a higher deductible, you pay more out of pocket if damages occur. However, your monthly premium will be lowered. If you have a lower deductible, you pay less when damages occur. A lower deductible usually means a higher monthly premium.
The average home insurance cost varies due to a number of factors. Researching and comparing policies can help you find the most affordable coverage.
An enthusiastic polo player, aviatrix and fourth generation member of one of the oldest winery families in the Napa Valley, Roberta has lived in the Bay Area her entire life. She has over thirty years of experience in buying, selling and managing real estate in the residential, investment and commercial markets. Not content to just “get the job done”, she wants to exceed your expectations. Roberta believes in service with commitment. Utilizing the kind of knowledge that is obtained only through extensive life experience and an in-depth understanding of the area and local market, she works with you to provide maximum results. During her accomplished career, Roberta has refined important skills in communication, negotiation, attention to detail and sound business practices, all of which are vital to the success of her clients today. Please call Roberta directly at 707.339.0233 to discuss your real estate needs.