What determines the cost of your homeowner's insurance?

Question

Quizplus · Accepted Answer

All of the above factors play a role in determining the cost of homeowner's insurance. The location of the home can influence the likelihood of natural disasters or crime, which affects the risk for the insurance company. The type of structure can also affect the cost as different materials or designs may be more susceptible to damage. Finally, the level of coverage and policy type chosen by the homeowner will directly impact the cost of the insurance.

What Determines the Cost of Your Homeowner's Insurance