How much will I pay for homeowner’s insurance?

Before setting the premium amount, the issuing company will want to assess the risk involved in insuring you and your home, which requires a lot of information. Credit ratings, criminal records, employment history, age and marital status are just some of the things that the company will want to know about. The company will also be interested in learning more about your home, such as how old it is, the square footage, its location, its security aspects and whether it is brick or wood. While features such as deadbolts and other security measures can lower your rates, factors like pets, a pool, running a home business and opportunities for personal injury can raise them.