Average homeowner’s insurance can still provide quality protection for your home, its contents and the structures that sit on your property. You don’t have to pay for large amounts of homeowners insurance coverage, riders and additions to your policy to get quality coverage. If you are seeking a standard policy, you should get a feel for what it can offer you.
The price you will pay in premiums for an average homeowner’s insurance policy can vary drastically. The nationwide average cost per year for insurance on a single family home is about $900. However, the location of your home and the perils that you insure against will determine, in large part, how much you will pay.
An average policy will cover your home, its contents, other structures on the property and liability. There are 11 general perils that your home will be protected from.
- Civil commotion
- Damage due to aircraft
- Damage due to vehicles
- Glass breakage
- Loss of property
You can purchase a comprehensive policy that will cost you more. You can save money even on an average homeowners insurance policy by shopping around for the best rate possible. Check out online rate quotes to see which company can offer you the best rates.