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Everything You Need to Know About a Homeowners Insurance Quote

Not all home insurance policies are the same, which is why getting a homeowners insurance quote is essential before making any decisions.

If you are looking for a new homeowners insurance policy, the process can feel a bit overwhelming and daunting. A lot goes into purchasing home insurance, and a decision should not be hastily made. It is crucial to do your homework and shop around for the best of the best rates and policies. But, before you begin looking, there are a few things you’ll want to know.

Continue reading to learn more.

What Is a Homeowners Insurance Quote?

A home insurance quote is an estimate of the price you will pay for your policy. Policies can greatly vary from one to the next, which is why prices vary, too. The quote is based on many factors, like your home’s size, its location, whether a fire station is close by, and more. Each insurance provider will use its own calculation to formulate your insurance quote. It’s important to remember that a quote is only an estimate, and the price you end up paying for coverage may be a bit different.

What Factors Affect a Homeowners Insurance Quote?

As previously mentioned, a lot goes into a homeowners insurance quote. Insurance providers will weigh these factors differently when determining your quote. Here are some factors that will affect your quote:

  • Cost to Rebuild Your House — The cost to rebuild your house depends on local material, labor, and construction prices. The more money it would cost to rebuild your home if it were destroyed, the higher your quote will likely be. 
  • Risk of Natural Disaster — Quotes are generally higher for homes built in areas prone to earthquakes, hurricanes, wildfires, and more.
  • Your Stuff — Your expensive belongings, such as costly jewelry or musical instruments, can increase your home insurance quote since you’ll need more coverage.
  • How Old Your House Is — Older houses are typically more expensive to insure because they may have degraded over time and might not meet all current building codes and requirements.
  • Building Material Type — The material used to build your home can affect the cost to insure. Brick or stone houses are generally cheaper than wood homes since wood is flammable.
  • Your Pet — Home insurance quotes can be higher if you own a dog that’s a breed considered to be aggressive. Some companies may not provide coverage at all.

Get Your Homeowners Insurance Quote with Bear River Mutual Insurance Today!

If you are looking into purchasing home insurance, contact Bear River Mutual Insurance to get your homeowners’ insurance quote today!

 

Owning a home is a considerable investment, one that needs to be protected! Homeowners insurance is essential because it gives you and your loved ones the financial security net to give you peace of mind. Our team of experts will help you find the best policy for your specific needs within your budget. If you are in the Orem, Provo, Salt Lake City area or live in a surrounding Utah city, contact us today to get your fast and free quote.

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