Through the process of buying your first house, you’ve made it through the world of understanding mortgage rates, property taxes, home inspections, closing costs and escrow. Next up is understanding Homeowners insurance, and what you can do to fit the premium into your budget.
Here are some key factors that determine how insurance companies calculate your Homeowners insurance premium:
Insurance companies use a variety of information to determine how to assess and price a policy. Although there is some commonality in the key factors that influence the rate, it pays to shop around to find the rate, coverages, and company that is right for you.