The cost of a homeowners insurance policy is determined by several factors, including the home's ZIP code, the home's value, and any special endorsements for such things as fine art, jewelry, etc. The weather in your area can also affect your rate.

All these factors often go into determining your replacement cost, and why you may periodically see your homeowners insurance cost change as the market changes. Personal property coverage (Coverage C) limits are calculated by taking a percentage -- such as 50% -- of your dwelling coverage. For instance, if you’re dwelling coverage is set at a ...

If you’re trying to estimate replacement cost value, a general formula for calculating your home’s replacement cost is: Square footage of your home x square foot cost to rebuild a home in your area. If you’re wondering if you have enough coverage, call Progressive at 1-866-749-7436 and we can help estimate your home's replacement cost ...

Roof requirements for homeowners insurance. Homeowners insurance providers may closely inspect your roof's condition before offering or continuing home insurance coverages. Roof insurability depends on various factors, such as: Age: The age of your roof and insurance coverage go hand in hand. A newer roof may mean a lower rate.

Homeowners insurance rates are likely higher for older homes or for homes in need of repair. Building materials: If your home was built using rare or handmade materials, the cost of replacing it might rise considerably. These types of homes often require additional review by your insurer to ensure your property is eligible for coverage and that ...

Heating your home with wood can keep you feeling snug and cozy inexpensively. Remember that while you might be saving money on utility bills by using a wood-burning stove or fireplace, using wood as your primary heating source may increase the cost of your homeowners insurance. Also, factor in the cost of the annual inspection and chimney cleaning.

Per Money.com, the cost for umbrella insurance will typically go up by $75 for every $1 million in coverage. In addition to your policy's limit, the cost of umbrella insurance may be influenced by the following components: Location; Motor vehicle history, including previous violations and accidents; Previous homeowners insurance claims; Credit ...

There are more ways to lower your homeowners insurance rate than just increasing your deductible. Building a bundle, searching for more discounts, and shopping around can all help you save big in the long run. Learn about even more ways you can save on your homeowners insurance, even if you've had your policy for years.

What are the standard homeowners insurance coverages? Standard homeowners insurance includes coverage for your house, other structures on your property, your belongings, personal liability, medical payments coverage to others, and even temporary living expenses while your home is being rebuilt or repaired due to a covered loss.

If a covered service line breaks or leaks, service line coverage may cover the cost of repairing or replacing the line, excavation work, and any landscaping that gets damaged during the repair process. Your coverage limit per occurrence depends on your insurer and your policy. A homeowners insurance deductible often applies.