The Cost of Homeowner's Insurance

My homeowners is $940.00 for one year of coverage. It costs $809.00 for property coverages(dwelling: $224,000; other structures: $22,400; personal property: $156,000; loss of use: $67,200) and liability coverages (bodily injury: $100,000; medical payments to others: $1,000 for each person). It costs a other $131.00 for a value added package, which includes $60,000 worth coverage for special provisions such as fungi, microbes, and rot remediation. This is coverage for 2200 square foot house with a purchase price of $179,000.00.

We bought our homeowners insurance from the same company that we purchased our business and automobile insurance. Although we didn't compare prices, they've always had good rates in the past. They also offer multiple policy discounts. I think that it is probably a good price for the amount of coverage in our policy. Our mortgage company requires that the insurance company bill them and the price of the insurance is added to our monthly mortgage payments, which is very convenient.

Make sure that youread the insurance policy that you are familar with the details and know exactly what is being covered and how much coverage your getting. I think that buying insurance from a company that you know and trust is very important. I prefer buying from local companies, even if it costs a little more.