Lamacchia Realty, Inc.
Many factors affect the cost of home premiums. Understanding them can help when choosing a policy fitting your budget.
The average homeowners insurance premium is about $1,200 per year. This amount changes greatly based on numerous factors, like property characteristics, location, deductible, policy coverage and more.
For example, you may have an older home, which can increase your monthly premium. Why? Older homes may be subject to more damages during perils due to the age of the materials used, wear and tear.
There are two primary ways to pay insurance premiums:
How you pay for your home determines whether you have to pay for homeowners insurance costs immediately after closing.
Typically, mortgage lenders usually require borrowers to pay insurance costs - which may be split - at closing through an escrow account. This amount is paid before and right at closing.
You can purchase a policy online or over the phone. You can also speak with a live representative at a local insurance office near you.
If you’re still unsure where to start searching for the right plan as a new homeowner, insurance premium information may be available from a connection in your real estate agent’s network.
I have been in sales for most of my career and always found ways to get my clients what they want as economically as possible. I will work as hard for you as I would for myself. I will be open and honest. I will listen to your needs and wants and advise you when appropriate. If I do not know the answer, I will find it for you. I want to be your real estate resource for you, your friends, and your family for a long time.
