Homeowners insurance is used to insure a single-family home, condiminium, townhome, or purchased apartment, along with a detached garage or other structure, and the contents of the home. The structure and the contents are insured against perils such as fire and theft. Not all perils are covered in all regions of the United States. For example, earthquakes are not covered in the typical California homeowners insurance policy, but can be obtained with a secondary policy with a high deductible.
Factors that Effect Homeowners, Renters, and Condo Insurance Quotes
- Value of the property and thus the policy amount
- The state and city in which you live
- Detailed property information
- Current and previous insurance policy information
- Prior claims you have filed
- Dates and details on renovations and improvements
- Approximate square footage of your home, excluding any garage or basement
- Detached structures associated with the main property
- Proximity to nearest fire-hydrant and/or fire station
- The deductible amount
- The type of construction material used to build the structure
For rental property, the owner of the property can obtain insurance on the structure, while renter's insurance is available to insure the renter's possessions.