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To determine your home insurance price, insurers typically look at the following:1. Rebuilding cost of your home.2. Age of your home.3. Distance between your home and the nearest water source.4. Fire protection rating of your city.5. Your claims history and the claims history of others in your neighborhood.6. Your coverages, limits and deductible.

There are no state-mandated requirements for homeowners coverage (as there are for auto insurance in most states), and a mortgage lender may only require you to insure for 80 percent of the replacement value of your home. But being underinsured could leave you on the hook for a significant sum, especially if you need to completely rebuild. Buying t

Many factors affect the underwriting process, which determines the premiums you pay. Different insurance companies charge different premiums for similar coverage. Decisions you make about how much insurance coverage to buy also affect your premium. Some of the other things that are likely to affect your premium include: A. The cost to rebuild your

There are three major reasons to buy homeowners insurance:1. To provide property coverage: Homeowners insurance covers the physical structure of your home and your personal property if it gets damaged or destroyed.2. To provide liability coverage: If someone who isnt covered under your policy is injured or killed, or their property is damaged or de

Some of the popular insurance companies include State Farm Group, AIA Group Limited, Liberty Mutual, Berkshire Hathaway, UnitedHealth Group, HCSC Group, and Humana Group.