The Cost Of Homeowners Insurance Essay

1041 Words Apr 5th, 2016 null Page
If you are financing a house, you will be required to buy homeowners insurance and maintain that insurance until the home has been paid off. Therefore, you need to do a little research into what the average home insurance cost is for your area. The cost of homeowners insurance varies greatly depending on where you live in the country. So if you are thinking about moving to another state, you should also learn what the average home insurance cost is for the area you 've chosen. Seeing the average home insurance cost for each state will help you make an educated decision about whether or not any given area is right for you.
What Is the Average Home Insurance Cost in the United States?
Unfortunately, homeowners insurance rates are continuing to rise all across the United States. There are a number of factors that reflect on how much the insurance rates will increase (or decrease) for any given year such as natural disasters and other unforeseeable events. However, currently, the average home insurance cost is approximately $950 annually. We 'll give you the breakdown for each state including the highest and lowest states in just a moment. But first let 's talk about the most common homeowners insurance claims, as well as the most common causes of loss and property damage in the United States.
What Are the Most Common Homeowners Insurance Claims in the United States?
As you probably guessed, theft and lost jewelry are by far the most common of all homeowners insurance claims…

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